The guys in Singapore, Vietnam or Japan won’t have choice. No Union No Choice.
Jetstar Asia will probably slash Pilot Remuneration considerably. Expect 10 or 20% cuts. Tiger Singapore did this about a decade ago, didn’t go down well, but the industry didn’t crash, just high fuel prices. As the market was relatively stable and big twin jobs were available, they lost half the captains almost instantly.
Back then, you cut pilot wages and everyone walked and went to Qatar or Emirates. Management will be well aware that there isn’t many jobs for those to escape to now, so the wider group will just have to suck it up.
I have been talking to many who say they hope their company will ask for Voluntary Redundancies, as they are 2-3 years away from retiring, but it’s going to be a slow and miserable last few years of the career, so take the cash and run.
Obviously they can’t chop and change current agreements here as such, but I imagine it would be more culling, than attempting to change conditions. Eg. Jetstar entire 787 fleet parked, sold and pilots made redundant. The long haul leisure market is the pain point, Air Asia X is probably finished. They could barely pay their leases last month according to some reports. Scoot will be the long term survivor, although I might be nervous if I was on the 787 there.