Originally Posted by Lab Rat

Actually they do understand economics quite well.
Which is why they keep filing bankruptcy then right? Take Pinnacle for example. Sign a TA and file BK a year later. That wasn't planned right?

True, I did send resumes to three of the four airlines you mentioned, but that was a long time ago before any of them entered bankruptcy protection.
United and US Air filed in 2002. You applied before then?

We have something we both can agree on - they all went bankrupt and I want nothing to do with them. In fact, I am quite content flying boxes in the middle of the night for $200K (2013 W-2) as a first officer.
Should your box hauler airline file Chapter 11, then you will resign out of principle right?
While you brag about your luck in landing a great job, most that enter this industry won't likely follow in your footsteps. But screw everyone else, you got yours.

First of all, nobody "hands out" loans. If they did they would be entitlements and not loans. Second, loans are given based on a signed contract in which the applicant voluntarily applies for it and agrees by signing his or her signature to the paperwork. Third, do not forget that the applicant also knows the financial prospect for a would be airline pilot.
A 18 year old highschool grad signs a document written by highly paid lawyers employed by a company with crooked politicians in their pocket. Sounds like a fair match to me. You also think banks have no responsibility to do their due diligence prior to approving a loan so large? Oh that's right, the banks paid politicians to pass a bill so you can't discharge the loan in a chapter 7. The Mafia would be jealous.

Uh, no. People accepting these loans have done that voluntarily on their own.