Originally Posted by
Whacker77
I just think there's a little too much gloom and doom and I don't even have an airline job yet. Hiring would still be going along a nice pace were it not for oil. Oil will pop, but the question is when. Just a half hour ago, I watched an interview with an oil "bear" on CNBC. He said all of the big brokerage houses are long oil and that is a sure sign the peak is near. He went on to say that when oil pops, it could go way down. Why? Firms will tighten their margin requirements. This analysts said oil could drop into a range between $70 to $100. The question is when though.
The regionals have experienced a huge RJ hiring bubble over the last few years. That trend was due to burst anyway and many will be flushed back out onto the street. Oil has just accelerated it. Normally it is difficult to get hired at a regional. It will become difficult again. People will look back and tell tales of the 500 hour pilots who got hired at the regionals.
Skyhigh