Wannabes have made their bed. Nobody forces anybody to pay £70,000 for a basic commercial pilots license and ATPL exam course. Nobody forces anybody to pay twice the market rate for a type rating. Nobody forces anybody to sign a contract bereft of terms or conditions.
The Wannabe zombie army are unstoppable and seemingly extremely well funded and they are killing the job they covet.
Anyway. The real killer is going to be the dollar carry trade. Zhu Min says so and he gets it right far more often than his peers. Its going to be the Yen carry trade collapse on stilts.
(Zhu Min is Deputy Governor of the Chinese central bank for those who didn't know)
We're still in a massive recession where GDP contraction is actually worse than the Great Depression. Its easy to forget that with all this bullish talk swilling around and stock markets swinging higher:
Major airlines usually go bust after the recession ends because it holed them under the water line. Beware.
WWW