over supply of pilots
It was bound to go down this road given the over supply of pilots in the current market, Ryanair are a one trick poney, namely price. They now have an increasing cost base through flying to proper airports and other airlines have driven their own costs down.
Churrning out an endless supply of happless cadets is part of it, i predict it will only be a matter of time before they become a virtual airline, with the only Captain's being contractors and F/O's bidding to fly for blocks of 200 hundred hours ie how much will you pay to gain 200 hundred hours NG time.
Some may think this extream, but who would have thought only a few years ago that you would have to pay £40 for an airline to issue you with a boarding card or being charged to take your duty free goods on board? how long before you'll be charged to get off.
MOL knows that most pilots are spineless when it comes to taking industrial action, sadly they have left it far to late in the business cycle.
What goes around comes around though as and when the market picks up Airbus have made it clear they wont do deals with MOL and that allows Boeing to price its future deals in a way that will recover the discounts over the last decade