Spains ndustrial output has fallen 24%. 352,000 people have lost their jobs in two months. The BBVA (massive Spanish bank which is the 7th largest financial institution in the Western world) expects unemployment to reach 20% - 4.5m.
Now.
There's so much data and so much going on in the world that its all just too much to take in. Yet a Wannabe need only consider the above situation in Spain. Spain has Vueling\Click, Iberia, Spanair, Air Europa, Air Nostrum, Iberworld, and a couple of small airlines plus the based aircraft of Air Berlin, Ryanair and easyJet.
You're talking several thousand pilots in significant airlines.
You simply cannot lose a quarter of your economy and have a fifth of your population unemployed and expect the airline sector to carry on as normal. Yet so far we've seen little in the way of cutbacks and nothing as far as bankruptcy. But how long do you think it will be until we do? What scale of retrenchment would look roughly appropriate? 5%? 15%? 25%?
Will there be many hundreds or a few thousand pilots out of work as a result of just the appropriate Spanish retrenchment? Do all of them speak some English and have the right to live and work in the UK?
Those are the sort of questions Wannabes need to be asking themselves.
Summer booking revenue will keep the plates spinning until the winter. Plan on a very harsh winter though. And a lot of broken plates..
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