Hmmm
Many arguments for and against. Meanwhile the price of oil continues its inexorable push towards $200 bbl. That is a raw fact, regardless of the rose coloured prism through which some choose to view the situation.
Explanations of "speculative inflation" aside, does it really matter? The "underlying price" is irrelevant. You pay what you pay. Do you really say the "underlying price" of an air ticket is $100, so I'll ignore the "taxes and charges" component which increases it to $150. I don't think so. You pay what you pay.
IMHO, anyone who trains to be a pilot in the belief that this industry will provide them with a decent living going forwards is completely MAD. And some of us with low seniority in major airlines should be looking left and right and assessing all of our options.
Pilot shortage over, my friends.
Our great aviation dream is over.