What does the recession mean for Asian carriers?
1)Temporary end to the pilot shortage.
2)Loss of expat jobs – already many carriers are either not renewing existing contracts or curtailing existing ones.
3)Loss of local jobs.
4)Quite severe cut backs in ‘rewards’.
5)Cut back in route/frequencies.
6)No or limited expansion.
7)Deferred aircraft deliveries.
8)Severe cut backs in training budgets.
..and the above have already occurred in many countries with worse to come I fear..