Originally Posted by
Excargodog
Explain in detail the difference between “early out” and “early retirement.”
Explain in detail the number of people who WOULD have retired BUT FOR 60-65 and compare that to the number of people who WOULD defer retirement I’d 65-67 happens.
Explain in detail the economic situation in the five years immediately following 60-65 (2007-2011)
With what it is now.
I’ll grant that 2007 was a bad time to be an airline pilot, but that’s no reason to squirrel away gold and bury coffee cans full of silver dollars in the backyard like your Depression scarred grandparents did.
autocorrect. Furloughs NOT early out packages.
You cannot compare GDP of the country to this profession but that graph proves that as bad as 2008 was it was really the retirement age change that screwed everyone the most.
If you didn’t live it then you have no idea what it was like. Retirement age increases have effects you cannot put into words. Just watch when it happens. Our minimums will go right back to 4000TT and 1000TPIC when we eventually start hiring again which may take a while. We don’t even have that many retirements but it’s an industry ripple. Attrition will stop. Add in NEO issues, merger, any significant economic slowdown. It’s not going to be fun.