The Harsh Reality
There is a surplus of pilots over jobs
There is a surplus of airline seats over demand
The airlines are cutting each others throats
Nobody is making money - it's a game of survival
People don't trust the corporate 'spin' anymore
Banks are getting nervous (Germany)
Many share prices are v. v. low - AirTours and BA
Jobs are at risk in Europe - consolidation (Eddington)
then more JAR multicrew pilots may come to work in the UK
The Gulf War II may begin soon - Oil Prices could rise higher
Pilots are having to work harder for below inflation rises
Jam tomorrow
Glass half full
Every cloud
Deja vu?