Sorry but you would have to be insane to be thinking of commercial pilot training now. What is coming is probably the worst downturn in commercial aviation we have ever seen. This will be a perfect storm for the airlines. 9/11 was an unwillingness to travel. 2008 was an economic crash that meant people couldn't afford to. What we will see next will be both on a bigger scale. At the moment we are seeing the effects of restrictions in travel. Next will be the recession and a drying up of money and credit.
Many businesses are being forced to resort to remote working and video conferencing where they would have previously been sending people in person. Once they have these systems in place and see the cost benefits they won't go back to paying for business class seats.
Airlines which have their main assets listed as slots at major airports like LHR see the value of these slashed as traffic decreases and these airlines will become vitually worthless.
Villas and apartments in places like Spain will be flogged off cheap or repossessed. Holiday resorts will go bust due to lack of visitors over this summer and won't survive winter to be back next year. People will be unwilling to book a holiday abroad and those that can afford a holiday will start booking domestic holidays instead by car.
Airports themselves will be going bust left right and centre and we will see the closure of some regionals.
Then we have the training industry. Now more than ever DO NOT PAY FOR ANYTHING UP FRONT!
Banks will tighten lending or stop altogether.No bank in their right mind will lend for flight training.
The parents house that would have been used as security will plummet in value and make lending against it impossible. Those that have done this over the last few years could see a move into negative equity.
Parents stock related pensions will also be heading south.
All recruitment will stop except those airlines that see the chance to run crappy pay to fly schemes to help keep themselves in business. With no credit available only those with ready funds will apply and get rinsed before being spat out the other end.
Any pilots recruited over the last few years will likely be out of work and looking. Competition for the very few jobs there are with be insane and if you have 250 hours with a fresh CPL/IR then you won't even get a reply. All airline tie-ups with the big schools will be gone apart from some cash grab pay to fly schemes aimed more at paying the schools/airlines bills than training pilots.
Instructors will be working for free or min wage to keep their hand in.
I would expect some big name flight schools to go to the wall in very short order. Any cash paid up front will vanish.
If you want to fly then best thing to do would be to get a cheap PPL from a small club only paying as you go and wait for all the cheap shares and aircraft to come up for sale. People will be desperate for you to take it off them as they cannot afford to have it even sitting on the ground let alone fly. Pick one up cheap and enjoy your flying. Just ring the destination airfield before you set off to check they haven't gone bust.
If you want to make money from aviation then take the cash you were going to use for flight training and short any business associated with commercial flying.
This all sounds very pessimistic but that is the way we are headed IMHO. I really do pity the people who are lumbered with large loans from flight training over the last few years.