My experience over the years:
1. Morning- We are doing lots of hiring, we really need you guys. Afternoon - All hiring stopped, we want you and are putting you in a pool. Called me 13 months later to start class and shutdown a little while after. Big Airline, pax.
2. Called and hired on Tuesday. Wednesday they announced they would be closing down. Eventually closed. 60 727s.
3. Hired for class the next month. Great airline to work for. Each month the class was pushed back for 18 months. Still around though.
I have had lots of friends in class at airlines that shut down while they were in class. An airline that cancels classes right now if they really have pilots ready to go there I would think, is about to shrink or shutdown? Better to train and have the guys. Eastern, Aloha, etc.
Best of luck everyone if the worst happens. In this environment the airline closing might be the fastest path to a major