Remember, air travel is still a luxury. If people aren't going on vacation, they aren't flying. If business' are going out of business, there are less business fliers. Aviation goes down almost immediately as consumer confidence dwindles, but it lags behind on the upswing. My highly uneducated prediction is that we won't see much hiring until 65 kicks in. That's 4 yearsish away. If the economy picks up in 2-3 years, aviation will lag behind and pick up right about the same time as age 65.

Just my opinion, so don't get all mad.