The word I keep hearing is a SMALL excess on the Airbus after Peak.
However, a couple things might fix this as I see it.
1) Nobody bid Hong Kong and make them SIBA it. Every guy that doesn't bid it is that many guys they'll have to send over there on the Bus, thus hopefully making any excess smaller.
2) 777 bid. IF this actually happens and we stay on the timeline for deliveries due to a Boeing strike, addtional airframes should help the overmanning system-wide, thus eating up the extra bodies. I have a theory that they'll have to man the 777 with more bodies than they think since all the NDs will bid it and not allow the company to fly it internationally with all old guys on board. See the initial 757 bid with nearly all seats manned with over 60 types...oops, no flying to Canada, Mexico, South America.
3) Fleet plan as published in the rash of FCIFs on the bids. Rough numbers as I don't know which planes are sitting for C Checks and the like--this is from May 2008-May 2010: -15 727s, +28 757s, -13 DC10s, -5 Airbus, +14 MD10s, +2 MD11s, +4 777s.
Net gain of 15 airplanes by Spring of 2010.
Now, we're either overmanned big time, overmanned a little, or rightsized, depending on whose lips are moving. I'm an optimist, so I'm throwing out overmanned big time. Therefore, if we're overmanned a little, the 777 bid should eat that up. If we're right sized, then how can we not spin up hiring earlier than they say to meet the demand for bodies for 15 airplanes? I'm guessing an earlier number than 2010 for new hiring...but again, I'm the optimist.
Discuss.
WM