Jumpy737. The situation AC is facing now isn't much different from the one it faced last time. Of course there are those who can't "afford" to make the move. But I'm willing to bet that there are just as many who will do it. I can recall my course five years ago had mostly pilots who were making more money than AC was offering. Some took a $80K/yr cut. It all depends on everyone's situation. I suspect there are just as many pilots out there now as there were in the past who are willing to take the temporary salary cut. As for direct entry captain Emb, I don't think you'll see much of that. Most 767 fo and A320 fo are going to take that one. Not to mention RJ captains.
If you're trying to say that Alpa and Acpa are meeting to discuss hiring deals, I really don't think so. Management are the only ones who hold the cards on that one. My guess is that AC will get its experienced help. Just like last time.