Alitalia perhaps the next to go? That will flood the european market with even more experienced pilots
We don't know that yet.
There's a thread on Airliners about failed negociations but I think that it is very pessimistic. The way I see it, they are putting pressure on the unions and giving them the "what if it's really the end?". Because frankly, they don't need the ok of the unions to do this, they can bust everyone and rehire them one by one.
If Alitalia goes down, it will be very unfortunate for the job market as around 3000 pilots will come on the market.
It's too early to say that it's worse than 9/11... unless AZ really collapses. In the aftermath of 9/11 the Sabena-Swissair collapse put thousands of pilots on the market.
Think about it, ........... Alitalia, SkyEurope, the creepy huge AirBerlin group
Alitalia, SkyEurope, Vueling, Spanair, Clickair, Air Europa, Austrian (if not bought by LH), LOT, Olympic Airways, SN (if not bought by LH) and I would add BA and IB as well.
Air Berlin is not likely.