quite some good responses here...
.....I don't really blame it on CTC though.
Seriously, the first guy started his training two years ago, back then times were looking good, and surely they all aren't involved in the business world that much to predict a downturn coming?!
I couldn't have told until the downturn actually started. Back in 2007 a lot of wannabes were still getting jobs at airlines more or less quickly, so I don't blame the new starters for thinking it's gonna keep up until 2009.
Luck is tough.