A former COO remarked to me a decade ago, “Don’t worry Krusty, we’ll always be able to get pilots”. While the frenzy of the pre GFC was sharp and relatively short, it led to in some instances, an almost 50% cancellation rate at the airline! Even back then however, the long term writing was on the wall.
This time it is deeper and more profound than a mere expansion at the “Majors”, and It will take a generation or more to put right. Asuming of course the Numptys looking at the light in the tunnel, have even the first clue as to what’s coming at them?
I for one won’t be holding my breath.