Most regional hiring will resume early summer 2010. As for major hiring, it's still too early to tell. For now it appears that regional pilot jobs will increase in the next 12-18 months while major pilot jobs will decrease.

With that said, many majors will probably not hire until after 2010, even with current retirement numbers. The next big boom of major airline retirements begins around 2013 through 2020. While we all hope to see a fair amount of major hiring then, many of the major jobs could be outsourced to regional flying, which is where we are heading fast. You can point the finger at anyone you want for this.