I believe there is no good future in aviation. The industry has peaked and is in rapid decline. As is the car industry, the property market, the investment banking business, and many many others. And that is because our industrial world is in a dramatic era of slowdown. Which is not about to reverse itself. Probably never.
Yes... You forgot to mention the fuel.
First, nobody can predict what will be the fuel price if the recession stop. It was at 147$ one year ago.
Second we can speculate on the fuel reserve, but who can say we will have as much fuel as we want for the next 50 years?
I don' t think that good times are coming for airline pilots.
Better to be wise with your money spending and debts.
All what I hope is that I am wrong.