The pilots released by NW might look like it is flooding the SA market but in reality the 100 or so pilots is not much and many of them will find jobs soon if they prepared to go work elswhere for awhile like the East and in Middle East, just check Flightinternational job section and see how many 737 positions available..even 75/76 positions, if you rated on the 767 you can also fly the 757 as it`s a common type rating. Many pilots are also close to retirement in the next 2 to 3 years and that will again offer positions in the market. It was mentioned that due rising costs many people cannot afford to become pilots anymore and in a global study that was done according to the Flightinternational magazine young people are more likely to do Itc and electronics studies etc as opposed to flight training and one of the main reasons cited was lack of grants to complete flight training yet these grants are much easier obtainable for study in other careers such as medical etc.