Thread: Current Trends
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Old 07-09-2008 | 07:50 PM
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rickair7777
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From: Engines Turn or People Swim
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Originally Posted by Pilotpip
lily,

This industry is cyclical. What goes down, in this case, must go up.
Historically, this has always been true, and eight months ago I would have agreed. However...crude oil prices are a wild card, if they continue to rise, the average citizen could be priced out of routine recreational air travel.

This would cause the airlines to shrink permanently, putting many pilots out of work for years (until many senior pilots retire) and virtually precluding any significant hiring for years or decades. Even if you did get a job, you might be stuck at the bottom of the pile for most of your working life.

Personally I don't think current oil prices are economically justified, but they appear persistent, and there is more to market value than simple common sense.

If you go down this road be prepared to find that road may not go far.
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