Many companies in many industries in the UK where in a nose dive long before WTC horror.
At my dads work (long established international IT company) whole floors of workers layed off EVERY week. Three weeks ago he was shown the door (after 13 years service) with all his team. My sisters job is now set to fold (specialist HR consultant, 6 years). People who have never faced unemployment.
And in terms of pilot employment, I only know of 4 job successes out of over 50 self sponsored graduates in the last twelve months (of the people I know). WTC has only accelerated the gloom. I cannot see this all blowing over in the next few weeks, even months. Not with Bush declaring war on every news bulletin.
And where BA goes, others follow.