Its the unemployment peak of 3 million which is the disaster and marks the pain peak for airlines. As I have mentioned many times in the last recession all the MAJOR big airlines that did go bust - went bust - either 1 or 3 years after the recession had ended.
This winter will see some unprofitable airlines run out of cash to burn. They will fail. Next winter will be the same story. By which time all economies will be out of recession and growing. Whoopee.
My job is under consultation for redundancy. Do you have ten thousand hours mostly Boeing and Airbus with the majority of hours in the Command column? No? Never mind, I'll buy you a coffee from the machine at the interview stage.
You would have to be off your tits on crystal meth to be training as a commercial pilot at the moment.
WWW