Earth to Wannabes - come in Wannabes...
I don't quite know where to start with just this afternoons crop of misery. Lets try this:
http://www.telegraph.co.uk/money/mai...cnitaly103.xml
Alitalia on brink of bankruptcy as Air France-KLM talks collapse
Do you have ANY idea of how many highly experienced pilots this airline could potentially release onto the open market in the coming weeks?!
Or
http://news.bbc.co.uk/1/hi/business/7328191.stm
BAE confirms it will cut 600 jobs. Defence company BAE has confirmed it will cut almost 600 jobs at its Brough site, near Hull and its Woodford plant near Manchester.
Watch out - there's unemployment about..
Or
http://business.timesonline.co.uk/to...cle3673935.ece
Bank of England warns mortgage famine to worsen
Hell's Teeth - there goes the housing market..
Or
http://money.cnn.com/2008/04/03/news...ptcy/index.htm
ATA Airlines files for bankruptcy.The airline, founded in 1973, served major business centers - including Chicago, Dallas and Oakland - and popular vacation spots throughout the United States, including Hawaii, Los Angeles, Phoenix, and Las Vegas. The airline also operated as a leading carrier for the U.S. military.
It operated 29 aircraft, including Boeing 737-800s, Boeing 757-200s, Boeing 757-300s, DC10s and Lockheed L-1011s.
At the time of its shutdown, ATA employed approximately 2,230 people, including approximately 600 pilots
So. We have housing market meltdown, airline starting to go bust in the US and the EU and job losses starting to emerge in the UK.
THIS IS NOT A MINOR SLOWDOWN. There is a financial hurricane on the weather radar for all airlines and EU and US ones in particular. Not all are going to be flying once it has passed. It will be deeply unpleasant for Wannabes.
You have been warned.
WWW