People are really going over the top here and losing the run of themselves.Certain airlines will be worse off than others so to say something like 'there will be no jobs' is pure crap.
If recession does kick in to the effect which some people think it will then what will happen?Well firstly demand for oil will fall hence the price will stay static or fall slightly.Secondly people trade down when times are tuff,people will fly low cost such as ryanair,easy etc.Thirdly with a clear out of struggling companies that means less competition and possibly higher load factors for the stronger companies.Finally the companies with really strong balance sheets will prevail.Why?Well boeing and airbus will be forced to slash there prices if demand falls hence strong companies can get there hands on planes for cheap and in bulk hence more pilots needed.
Low cost carriers with strong balance sheets will need pilots,more expensive 'exclusive' airlines may tighten the belt and hold out on recruitment.
Thats my 2 cent worth,in my view no need for a major panic amongst people starting to train.
