I've had redundancy at my airline hanging over my head like a black cloud for the last six months and will hopefully find out very soon either way.
Naturally I've been looking around the market place with very few in the UK offering interviews for next year. Everything is temporary/part-time/contract only and on average I would be taking a 50% paycut. The new salaries on offer will be the same as the cadet salary I started on four years ago with zero time! Unfortunately unemployment insurance only lasts 12 months and only covers the mortgage. I will be happy to take the offer to pay my bills and buy food for another twelve months.
For those who stick it out, no doubt things will get better. But I fear the general expansion and pilot recruitment bubble of the last ten years with low cost, ME & far east carries won't be repeating itself anytime soon!