Originally Posted by
SkyHigh
I don't think that we could return to horse and buggy but it could look a lot like air travel did in the late 1970's. Back then air travel was very expensive. Few people were able to fly and when they did it was over long distances. The industry was a third the size of what it is now.
Heyas Sky,
While I don't buy into the oil/climate stuff, such is the glut of pilots on the market now that it will take decades to wash through.
We are entering a period of economic stagnation that will take at least 8-10 years before you see any meaningful stabilization in the industry.
The few decent flying jobs that become available will attract the few military pilots that insist on doing it for a career. The very slow trickle of GA pilots will fill the rest, but due to the current glut, the experience bar is going to be VERY high and the compensation relatively low. It will be for the hard core only.
Nu