Well if we are truly coming up on a worldwide pilot shotage One would think these LCC's will eventually have to increase compensation.

It seems to me a lot of the "low" in LCC just refers to compensation. Fuel costs the same, aircraft cost the same. I really don't see how they can provide a substantially cheaper product unless they are making up the difference with mostly labor savings.

Hopefully the law of supply and demand will somewhat limit the ability of LCCs to grow and prosper like they did in the very unique time period in the early 2000's.

Scoop