Whew! I had to go back and look at the title of this thread. I thought for a minute you were talking about Delta, United, Braniff, Eastern, Pan Am, TWA, USAir, Continental (the old one, not the new one) or even DHL.
I had lunch a while back with an acquaintance who spoke of how burned he was at not being hired at United some years back. It was his dream job, the one he really wanted, and he figured that being a somewhat distinguished ex-military jock he would be a shoe-in.
Except it didn't happen. His buddy got hired and he didn't. So after a period of "mourning" he accepted a position with another, "lesser" airline.
At the time of our meeting, he was an F/O, flying International wide-body with that "lesser" carrier, while his buddy was still on furlough from United. His airline had taken some pay hits, but he was still making well into six-figures, while his buddy was tarring roofs in Chicago. Where each of them will be in 10 years is anybody's guess, but I'd say the future looks better for him than it does for his buddy at United.
As for cargo, the volume of domestic overnight express shipments is leveling off, and the margin on those shipments is shrinking. The real growth in domestic shipments has been in those that are trucked, not flown. The increase in International traffic has certainly fueled the need for more pilots at UPS and FedEx. But with that growth comes some very stiff competition from ACMI and foreign carriers. There's a lot of speculation in the Ivory Towers of Memphis and Atlanta about what the next 10 years are going to be like in this industry...speculation that's starting to be reflected in the stock prices of the major players. Most agree that the glory days are behind us, and that the real work is about to begin.
Missing out on this "million dollar job" may still turn out to be the best thing that ever happens to this guy...