Originally Posted by
jayray2
Are you the same guy that back in July was crying the end of the world was coming as oil approached $150 and claimed it would be $250 before the end of the year? Everyone knows the airlines industry is very cyclical with boom and bust cycles. It goes up, it goes down. We are going down now and it will go back up eventually. Just the way it works.
Yes the airlines are cyclical. It will be another 40 years before we see 350 hour airline pilots again.
The industry goes through cycles small and large. Hiring will return, companies will recall pilots. The profession however does not cycle. It is in a slow state of continuous decomposition.
The big changes in oil have been postponed by the global recession. In 20 years people will save air travel for long overseas trips.
Skyhigh