Things could be different now, due to industry consolidation, govt. policy, or whatever, but in the past, legacies have seemed to follow more of a boom/bust pattern while LCCs’ cycles have been much more moderate. JB has never furloughed a pilot. How many thousands have been furloughed from legacies in the last twenty years? When things are good, at the legacies, they are really good, but when they’re bad, they can be really bad.

Of course, next time could be completely different. The first few pages of this thread prove how bad pilots can be at predicting the future.