This industry has transformed itself in the last decade. Remember when there was no puppy mill schools and you had to write a 5 figure check to get hired at a regional. As for flight time, in those days, if you did not have an ATP, you most likely did not even get an interview. Fast forward 10 years and we have 250 hr wonders who did all their training in some glass cockpit C172 which the puppy mill school owes $500k for. Obviously, flight schools need to re-fleet themselves back to low cost, reliable, used airplanes. There have to be students to teach in order for CFI's to build their time. Those new pilots have to have an economical means to continue their flying.
Now, the next big play, IMO, is what happens with mainline scope in this next round of contracts. The first round has to come from what happens in the integration of the CAL, UAL scopes. Unless you are already a widebody CA, I think your career path will be affected by how the line is redrawn in the sand.
So, where does this leave us? I would love to know how many resumes the Regionals have on file? Forever, it has been managements goal to have the Regionals be a 5 year stint. Get your time and move on. Throw in 9/11, 1st downturn, age 65, 2nd downturn and you have the average RJ driver has 12 yrs in. I made a career change a dozen years ago when wages at the top of the industry exceeded $325k/yr. With it 30% less now, there are fewer than ever willing to make a jump. 4 years at Embry Riddle and all the flight training will set you back almost a quarter of a million bucks. I don't have that coin to send my kid there nor would I allow a loan for that amount, even if you could get one. Retirements are around the corner. Attrition will once again happen. But, how many will make the jump to the majors? ASA management has recently spouted off dreams of being some "Super Regional". Combine that with a relaxed scope and this 12 year guy would be hard pressed to move on.
I would also be very vocal with my union reps if allow new hires to receive huge raises or bonuses with out more senior pilots getting theirs. So, what are the options? Does regional management want to slow down attrition when it starts, or encourage it. It all hinges on how many are out there qualified and willing.