Projected hiring at the legacy airlines that is based upon retirements assumes that the companies are going to stay the same or grow over the next 20 years. Thus far it seems that all they have done is to merge and shrink.
Most of the projections that Boeing has made regarding the future seems based upon a sunny economic future full of cheap aviation fuel. It is not far fetched to consider the possibility of a future of continued contraction at the majors.
Those who have been reading the news lately might share my concerns. I hope it will be growth though.
Skyhigh