Well Hellboy, the middle east is flooded by the yanks, interview dates are being cancelled and with more airlines in the west closing down, they are not short of applicants. Hopefully there will be more oppurtunities when the low cost market there expands. I think for an asian passport holder, getting in will be that much more difficult, having white skin is still highly rated.
AK shares has taken a beating the recent weeks with the Government fund coming in to help shore it up. We can blame the oil price, we can blame MAS and we can blame the world economic situation. But I guess, if we are going to blame everything under the sun might as well include TF and his ""Only a lunatic will hedge fuel — it's too volatile."
But if it is true that the flying pay will be cut, what happened to "We are comfortable even with oil at US$200 (a barrel)."? More salesmanship from a snake oil seller? At the end of the day, the best that the pilots can do is come to an agreement on the variable pay portion and the correlation to other external cost and profit. That way, when the fuel price decreases, or the fares go up, the pay will be revised accordingly. At least with more transparency, we all know where we stand.
Hope the downturn bottoms up soon...
