Originally Posted by
rickair7777
Generally I would have to agree with this.
But if there was ever a time in history when you might want to consider incurring debt to acquire seniority asap, this is it. Still a gamble though.
And generally I’d have to agree with this.
I wasn’t carrying much debt pre 9/11, but at my first airline at that time, my future looked promising. “You’re getting into this career at a good time!” Upgrade was just right around the corner...
Fast forward to after a furlough and starting over again to 2007. Me, and FO’s I flew with in 2007 (pre 65) and into 2008 all thought the SAME THING. Wow, that 100k debt they’re carrying sucks, but they’ll be at a legacy in NO TIME. “You’re getting into this career at a good time!!!” Many were furloughed later on.
Worse for some of the guys I fly with now that were 2 time legacy furloughs. Sure, they’re doing good NOW. But hey, what’s 10-12-15 years of your career and life? NONE of us know, NONE of us can predict what’ll happen.
Granted, the industry as a whole, but especially the legacies, are way better prepared to absorb a black swan event. But if there is one, and the projected hiring numbers start to decline, then all bets are off.