My personal opinion is that the airlines won't know what to do until the Government decides on where the public sector cuts are going to come from in other words whether they cuts will be largely staff based redundancies or other costs. If it is staff based pay cuts and redundancies there will be fewer people wanting or able to afford to travel in greater numbers needing capacity expansion. If the cuts come from other savings we might be alright. Parliament rises today, and will not be in session again until late October so no real decisions will be taken until after The Queen's Speech in November so I expect that the airlines may well chose to maintain their position through to next year. Unfortunately I think that means a small number of pilots recruited on Summer only contracts as this year.
As I was made redundant 18 months ago I hope that my assessment is wrong!