Looking at the worlds financial state today its very obvious we are descending into a tough recession. Its amazing to see so many asking whether there will be a recession! We are in it
Recession is always a bad time for airlines and pilots. This will be no exception. There will be no pilot shortage. Airlines will consolidate, a few will expand and a few will go bust.
Now the airlines will call the shots over how much they pay. EK will not say a thing about this years increases until the eleventh hour. They may not have to put it up much at all. All their pilots will agree its better to have a job and a paid roof over the head than posting off CV's to every operator still in business.