Figure 1: U.S. Airline Industry Capacity Adjustments Since 2000,,, Date,Scheduled flights,Available departing seats, Jan-01,0.024226343,0.033559767, Feb-01,-0.031859046,-0.018748894, Mar-01,-0.005700087,0.00572053, Apr-01,0.007801503,0.014140146, May-01,0.001402225,0.009947325, Jun-01,-0.003377951,0.009524376, Jul-01,0.012232093,0.022427532, Aug-01,-0.001777819,0.014037988, Sep-01,-0.013711019,0.004869161, Oct-01,-0.04780386,-0.036291329, Nov-01,-0.151318331,-0.145940303, Dec-01,-0.143883263,-0.141891234, Jan-02,-0.108412581,-0.101085658, Feb-02,-0.141594095,-0.133459085, Mar-02,-0.113818312,-0.101087423 Apr-02,-0.086212646,-0.080987721 May-02,-0.088657065,-0.084400927 Jun-02,-0.085518425,-0.071690543 Jul-02,-0.067208823,-0.057280903 Aug-02,-0.075029177,-0.068073228 Sep-02,-0.096787315,-0.096659784 Oct-02,-0.109060821,-0.107923488 Nov-02,-0.117809027,-0.120588496 Dec-02,-0.115016264,-0.124596481 Jan-03,-0.11027716,-0.109199806 Feb-03,-0.147159888,-0.147159888 Mar-03,-0.121109517,-0.121536935 Apr-03,-0.109077807,-0.117849332 May-03,-0.140313059,-0.153066291 Jun-03,-0.114378208,-0.129424155 Jul-03,-0.092640917,-0.110514532 Aug-03,-0.104049453,-0.125964477 Sep-03,-0.101435606,-0.12868372 Oct-03,-0.099971004,-0.129239199 Nov-03,-0.106462469,-0.131414298 Dec-03,-0.081945875,-0.114589971 Jan-04,-0.086661722,-0.095701426 Feb-04,-0.089157563,-0.096125884 Mar-04,-0.087742947,-0.095438608 Apr-04,-0.088458431,-0.095365108 May-04,-0.099498713,-0.105232284 Jun-04,-0.094040719,-0.101200705 "Source: M.R. Dayton, “Trends and Demand in Aviation Markets,” presentation at the ATCA/FAA/Nav Canada Technical Symposium, Office of Inspector General, U.S. Department of Transportation, 2004.",,