Lack of investment in any business ALWAYS comes home to roost and the lack of investment by airlines in pilot training will eventually come back to haunt. Not yet, but it will happen.
Say Again s l o w l y, you are bang on the numbers
and its about time that the reality of our future is appreciated. Management always seem prone to miscalculating both airframe and pilot numbers and, as usual, a sudden abundance of sustained business results in some pretty interesting pilot recruitment programs...watch this space.