Yeah the banana curve recover looks shot. I think things will just stay at the status quo for quite a while.
From the slow economic recovery, I think the only way guys will come back is through attrition. We all know you fly til you die at NJA, so don't count on a 68 year old to look at retiring (although this population, pilots in their 60s, really only makes up 10-15%ish of our group.) Even if they all go, NJ will still not recall, they will just say we are "right sizing" the pilot group. And even if the majors do start hiring, many guys will stay bc of the quality of life and we do have good pay/benfits....until the next contract...then you might see a mass exodus.
Yeah, I have recently been wondering about that next contract. I have a feeling it will be a pay and benefits cut.