Has anyone ever heard of the law of supply and demand? Sometimes I wonder after reading some of the comments. Airlines were hiring hand over fist in 2007 because they had positions to fill. Because demand (passenger desire to travel was high), the airlines increased supply (more flights). To cover those extra flights, they had to hire more pilots. Now, demand is far lower and supply has been cut to meet the new level of demand.

As for the comment about the 2000 AA pilots on the street, that's not a real number. How many of those guys are now at other carriers? How many have moved on to other jobs outside of flying? I highly doubt 2000 pilots sat on their rear ends for six or seven years just waiting for a recall notice from AA.