Originally Posted by
stbloc
Age 65 is around the corner and I can't imaging many are staying till the end. I understand oil and GPD is altering business models going forward but replacements must be on the minds of HR. What's the word on retirements and how soon could replacement vacancies be posted. I would have thought the ramp up in regional hiring was to offset attrition to the majors. If that's not the case we are really going to be looking at large hiring at the regional level. I would have thought by now you would have seen about 1000 major vacancies across the board in 2011. I'm optimistic that this still will happen soon and possibly another 1000 in 2012.
You would have seen more hiring this year if it weren't for the rapid run up of oil again. With oil skyrocketing, cash will be king and the companies will hunker down for survival mode. Once it stabilizes they will better learn to cope. Another factor is that as oil gets so expensive, labor becomes less and less a critical cost.
Hopefully oil will stabilize, and the industry will have an idea on costs going forward. No doubt as prices rise though, overall air travel will decline in response, but as things normalize a bit, and the economy picks up, we'll all be moving again.
LUV