It's always a "reliable source" isn't it
When this whole 'economic crisis' began, there were all sorts of experts/boffins predicting all sorts of financial atrocities.
However, despite their wide and varied predictions, they do seem to agree on a few points.
1. The Oz economy and global economy is expected to hit the bottom of the tub sometime in the next 6 months.
2. The recovery is expected to be quite rapid, with most agreeing that a significant improvement will begin sometime during the 2nd half of this year.
Despite the well illustrated 'questionable' intelligence of some airline management, I fully expect that they are reading the same information as I am.
As a result, I think that many airlines throughout the country are being quite reluctant to layoff pilots, as all indications are showing that the next shortage will begin sometime during this year.
The most recent shortage really deomstarted to airlines how true the saying is "It takes one month for a pilot to resign, but 4 months to replace him".
I think that your "reliable source" might be jumping the gun a tad there.
Eternity.