Just another thing.
Doesn't rookie pilots usually start with taxi jobs and smaller "charter" jobs + maybe even "freight" jobs?
Do you guys think that pilots with many thounds of hours of TT + say B737 rating would "downgrade" and take such a job if they got unemployed (with a 50-70% salary cut)? Wouldn't they want to move to say middle east instead of taking those jobs?
Regards
Eikido