I said in October....................
That there would be an inclination upwards starting about April May, there has been. Not very big but nonetheless a small one. My experience tells me that from a historical standpoint there WILL be a continued upturn, albeit very slowly, and I agree with Scroggs that this is a good time to consider training - for a possible chance of a job in the early of 2004. Maybe sooner!
The current position will not last. It never has in all my years in the industry. Indeed, there are a few airlines who did cut off their noses to spite their faces in the latter part of 2001, and they are wishing that they hadn't.
Still. Caution is the watchword and I would say do nothing until you are satisfied that YOU want to take a stake in early 2004.
Having said that, watch out for another upturn in business next year. It's NOT all doom and gloom. But you still have to be careful.
Good luck.
IFR