The above is the rational of a regional lifer

I heard it all the time that the "majors will all continue to shrink", Well let me ask this then, do you believe that the majors will continue to shrink till they're all gone? Do you think that the majors dont have a min level before they're no longer a viable company? Where's that point?
Truth is that SCOPE is a front burner issue now and the scope giveaways are over. Following 9/11 the airlines have been in shrink mode. For the most part the majors have shrunk to the lowest point and going forward leaves alot of room for growth as capacity is added back. Combine that with the scrutiny over regionals and RJ's, less pilots getting into flying, and retirements at the majors your going to see the next growth "boom" at the majors. Some X factors are further consolidation which could hinder some from hiring but the others are on the verge of hiring.
The pilots at the majors have seen the destruction that scope giveaways have done and most are adamant about not letting it happen anymore. When the retirements start in full force the majors will have a hard time keeping up with training and they'll be sucking pilots out of the regionals and i think that will further drive flying away from the regionals because the regionals definitely wont be able to keep up with the training because the regionals arent going to be able to attract the number of pilots they'll need at current state. More 50 seaters will be canned which will shrink the regionals next. At the end of the last hiring spurt the regionals were already having trouble finding qualified applicants. Mins were lowered and eagle was even paying to send guys to sim courses outside of their own training so that they'd have better chances of making it through training.
The next few years will get interesting. Retirements alone will cause movement and any growth on top of that is gravy. At worst case the economy tanks further and the retirements will just keep things at a minimum, status quo. we'll see
point is that the regionals arent going to be, "where its at"
ps. i think there will be consolidations in the regional industry in the next few years as well.