Costs mate you've answered your own question ! Baby don't need to freeze pay and ground aircraft for exactly the reason they haven't expanded rapidly and opened lots of european bases filled by expensively leased airbuses and NGs ! Ok the profits aren't massive but neither are the losses !
Heads aren't in the sand. 2008 looks good but it's 2009 that is going to be where the pain really starts to hit. On that basis I don't think Baby are worse of than anyone else they only have to fund the operation of 21 relatively cheap (lease wise) aircraft not a couple of hundred expensive ones. Sometimes economies of scale work the other way as well !
BUT if the bankers don't stop cashing in their business and heading for their holiday homes in the carribean to ride out the coming storm we're all in trouble anyway no matter what industry or job you have !
To answer the question back on thread. Baby are looking for tyoe rated (only) FOs. All will join as FOs no matter what experience. SFO only available following successful command assessment. Not sure there's any difference in Ts&Cs anyway. Not sure what bases these are for. No direct entry commands for 2008-09 as there is now a reasonable pool of command ready SFOs. As with all LoCos expect to work 850 to 900 hours. No fixed roster but guaranteed 10 days off and one "Day Free Of Duty" in 28 which is pretty good.