Guy, I suspect your motives or role, as you are excessively negative without substantiation.
Yes, pay and terms are going to take a massive dive in the medium term, but it will NOT be permanent. As Jones mentions, it's about supply and demand - but with much poorer pay and job security on offer, no-one in their right mind is going to train up and older Captains are going to call it a day, so there will be a MASSIVE pilot supply crunch in 3-5 years, and that can only lead to a big correction in pay. Unions have a role to play, but the main driver is supply and demand, as multiple airlines all chase the same pilots (think the late 80s, with lesser examples in recent years). Most (but not all!) pilots have memories longer than 5 years, so how airlines treat their pilots now, will be remembered when the boots on the other foot - my airlines one selling point is job security in a crisis - if they sabotage that reputation, then it will avoided like the plague in future.
Last edited by midnight cruiser; 8th May 2020 at 10:12.