Cycle
Aviation has its cycles however with every peak things are not going back to where they were before the previous downturn. We still haven't recovered from 2001 yet and here we go downhill again. Pilot wages are still cut from 9-11. American Airlines still has pilots on furlough.
What we are experiencing is not just a simple downturn. There will always be pilots however the time when they were respected members of the upper middle class is almost over.
If a pilots sole and simple goal is merely to fly a plane then they are in luck.
Skyhigh