Tomorrow never comes
The start of this thread is certain summer chaos due to crew shortages. That was the summer 2010, and half way through summer 2011 armageddon seems to still be not quite here yet.
Ryanair continues to do its main job, create value for the shareholders. It is not a pilot employment benevolent fund. It really can't be that badly run as it continues to expand and make money.
Look at the other threads, is life so much better at Jet, Cathay, Air X China? it seems not. Would anyone on here reading the emirates threads want to go there?
For a young person starting out it still offers an attractive deal. You pay for a type rating, but where else in the industry can you make captain by mid to late twenties and good money to boot. If I was starting out I'd take the deal in a flash. When the deal makes no sense the takers will stop lining up.
If the market continues to expand they might have to increase the money, but people will still leave to a change of scenery or to fly a bigger jet.
Bottom line is there is no exodus and there is never going to be one. If attrition gets above what they expect to see there will be a little squeeze of extra cash. Until that happens don't expect any changes.