Originally Posted by
nicale
Last year this time Airlines were hiring or calling back their fourloghed pilots in a very good rate. suddenly, everything changed in a very short period, because of the bad economy, and high fuel prices. But, we have to remember this not 9/11, when there were lots of people who didn't want to fly, I personally no a great number of people, who stopped traveling by air, and some of them still don't fly. If a new president, can get us out of this bad economy, thing will shift much more quicly, than 9/11. Now, people want to fly, they just don't have the money, and hopefully, the fuel prices will fall, and everyone could be able to buy an airline ticket, and industry will shift quickly.
Huh?? Is that even the english language you're using? I sure hope you're an ESL student with those skills.
There will likely be no quick recovery from our current predicament. Too many dominoes are lined up to make this recession a bad one; the worst is the declining dollar value which is pulling foreign investments away from the U.S. Not to mention failing banks, high oil prices, and a collapsing housing market.
The only pilot shortage that currently exists is overseas. Asia is desperate for qualified pilots and almost anyone can score an interview with the likes of CX or EK. On the domestic side, I think we're going to see airline growth stagnate (or decline as of this fall) for the next few years.