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      "text": "Our set of network carriers: 1. Alaska 2. American 3. Continental 4. Delta 5. Hawaiian 6. Northwest 7. United 8. US Airways",
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      "text": "Our set of value carriers (low-cost): 1. AirTran 2. Allegiant 3. Frontier 4. JetBlue 5. Southwest 6. Spirit 7. Virgin America",
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      "text": "We have based most of the analysis on second quarter 2011 data, which is the most recent US DOT (Form 41) data available. In past years, we have used third quarter data, but DOT's data releases have increasingly lagged the reporting period, and third quarter data was not available in time for this report. Still, DOT data was used instead of SEC filings to permit comparisons of specific equipment types and ensure that non-airline-related costs did not dilute the specific focus on airline costs. For US carrier comparisons, we have used data either from the most recent quarter or the most recent four quarters, as appropriate. For carriers outside the US, we have used the most recent reporting period available on a comparative basis.",
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