The losses
The airlines hopefully are going to enjoy a short break from the blood letting. Profits are up and the future looks much better, however that does not mean that pilots will benefit from the upswing. As the airlines continue to merge the better jobs will continue to go away and management will still strive to cut wages and benefits.
The airlines provide a fairly homogeneous product. The only way they can get ahead is through having lower costs than the competition. Every airline has thousands of applications on file for just a few jobs. Management knows that they still have a long way to go in cutting wages and benefits before the flood of application subsides. As a result you can count on continued downward pressure on pilot compensation.
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