Sorry folks, should have emphasised that the conditions I refer to are in the US pilot marketplace where all the turmoil is now.
Rest assured though, whatever happens in the US marketplace will not cause just a ripple in the world airline industry. It could cause a tidal wave. This is not national egotism. It is a fact of life that is a function of the size of the US aviation industry, the size of its suppliers to the aviation industry and the US's financial influence on international economics.
The international aviation market will not shrink significantly but its character willl change dramatically. Aircraft, pilots and other aviation resources are, by definition, the most mobile assets any business could own.
As they say "Watch your six o'clock!"