It is cyclical. When there is movement upward, lots of pilots end up "frozen" and some very junior folks get bids they would normally not get.

When movement is downward, everybody gets put back in their "silo" and the junior guys get bumped.

I am on my third upward movement. I believe my third downward movement is about to commence soon.

Unit revenue is trending down rapidly the last two quarters, and traffic is down as well. Into this, all the majors have been adding capacity, and the low cost ones adding capacity very rapidly. It feels a lot like 01 and 08.