The Day After Tomorrow?

[FN FAL]

When the dust settles on the 121 industry, will there a be a better day ahead?

I know a lot of people have been going through hell over the last five years with all what's gone on, but do you guys and gals think that there will be a leaner, meaner machine that will better for pilots as time goes on?

 

[BenderGonzales]

Honestly? No. I dont think we will ever see an airline pilot "profession" again. I believe salary, retirement, lifestyle, and job security will never again be what they once were.

This is no longer a career. Just your next "job"

 

[Big Beer Belly]

When the dust settles on the 121 industry, will there a be a better day ahead?

I know a lot of people have been going through hell over the last five years with all what's gone on, but do you guys and gals think that there will be a leaner, meaner machine that will better for pilots as time goes on?

I think the passenger industry is in the beginning phase of a global shakeout. Ever-increasing competition (especially from foreign carriers) as open skies agreements are realized will spur industry consolidation worldwide.

Wages and working conditions will continue to deteriorate as long as the supply of pilots willing to work for a fraction of previous pilot wages stays stable or increases (a simple supply vs demand equation).

In a capitalist environment, as long as the supply of seats exceeds the demand for them, yields (profits) will remain under pressure.

If you want to see where all this ends up (barring a re-regulation of the airline industry) just look to steel or the many other once mighty manufacturing industries of the past. Global competition will continue to exert a downward pressure on pilot wages and lifestyles as bankruptcies, mergers, and liquidations force out the weak.

I sincerely believe this industry is undergoing a paradigm shift, not merely a "cyclical downturn". It will take a decade or more for the shakeout to be fully realized depending on how quickly the open skies treaties are negotiated and ratified.

BBB

 

[LAZYB]

I sincerely believe this industry is undergoing a paradigm shift, not merely a "cyclical downturn". It will take a decade or more for the shakeout to be fully realized depending on how quickly the open skies treaties are negotiated and ratified.

BBB

My thoughts exactly. :smash:

 

[Phaedrus]

This too, shall pass.

 

[FDJ2]

The only thing permanent about this industry is that it is cyclical.