Airline capacity may be reaching its bottom, according to the latest report from OAG, the industry statisticians. Airlines cut 11.1 million seats in capacity over the past week, including a cut in US capacity of nearly a third over that period. With the cuts last week, mostly in Europe and North America, global capacity now stands at a little higher than a third of what originally had been scheduled. North America has been replaced by Northeast Asia as the world’s largest airline market with United Airlines, Delta Air Lines and American Airlines also announcing massive cuts. John Grant, an OAG analyst, said if there is any light at the end of “what looks like a very long tunnel,” next week’s data may begin to see the weekly capacity reductions bottom out, with those hopefully final capacity cuts in North America working their way through the systems. He added, however, that it could be “we will have just hit the bottom of a very bumpy road before any real capacity recovery can be seen.”