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How does one find out if flights are really quite full?

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I am normally super good at finding reasonable international airfares and usually not months and months out ahead of time. Now, from everything I've read, the rules have changed because there are supposed to be fewer flights so fewer seats and thus higher fares. Is this really true that capacities have been radically slashed? How does one get a feel for the point when planes start to be quite full and prices will only rise or for when they still have lots of seats to sell and prices may diminish?

We are thinking about travel in mid-May to possibly Europe, or several other locales are also in the running. In the past I would have felt that I had plenty of time to discover those lower fares that always seemed to pop up in the last month or 6 weeks before a flight. Now I don't know. Is there any way to verify in general how full flights (not a specific flight) are? Thanks.

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