SV went thru this 'too much capacity' combined with the low price of oil in the mid-eighties, and decided all of a sudden to trim their pilot ranks by 15%.
So, expat contracts were selectively not renewed, and lo and behold, due to other expat pilots not liking what they saw (and resigning), suddenly found themselves undermanned at the pointy end by about 25%.
Massive hiring began, and overtime aplenty for those that were left.
And so...the cycle begins again (maybe), just different real estate.
