Whilst recent events would turn the aviation cyle upside down at any stage,a lot of these jobs were going anyway.
I'm surprised we had it so good for so long lately.
As Rod said,B.A's response is based on gulf war lessons.They,like many other monoliths,were in the middle of streamlining measures anyway.The extra loses,over and above what was already planned,may well be re'absorbed in the short term.
Yes Crash Barrier,things are really bad after this awful event,but may not be as bad as you and the Airlines are making out.At least not for the middle term.
The Airlines are making their case as we speak to national and E.U government.They're Looking for cash,or by any other name,to throw after some carriers which should not survive anyway.
The insurance costs and increased security are a red herring.The insurance companies will still insure the carriers,but will limit third party terrorist exposure to $50M.With talk of government underwriting another unlikley event,the headlines today of grounded aircraft next tuesday are as o.t.t as the doomsayers here.Insurance costs have never been a burden and are allways passed onto the pax.
Security in the E.U is as good as it gets,and has been since Lockerbie.Can't see much more increased costs here that cannot be absorbed by Airlines,airport operators and local government.
Most airlines will have hedged their fuel costs also.
The net effect will be slightly increased fares,and none of this will stop me going on hol's next summer.
For wannabes,this will take 2/3 yrs to come around.It's been coming anyhow's.
Chins up!