DJ do you really understand what the economic conditions are out there. This is not an aviation only recession. Companies are having their market capitalisation slashed. Large household names such as M&S are in all sorts of financial difficulties. The dreaded R word is being whispered all around the City at the moment. The Banks who traditionally provide the greatest levels of graduate salaries are not recruiting at the levels that they were even a year ago. Some are not recruiting at all. The job market hasn't been this bad since September 11th, the difference there was that it was an event that caused an economic blip and the economy recovered fairly rapidly. This is far more cyclical and therefore will hurt more. There are people with considerable debt out there, the reality is a lot greyer than you would imagine, otherwise everyone would easily be walking into jobs where you can service the substantial debt.