I will believe it when I start to see terms and conditions actually start improving as opposed to the degradation that I have seen throughout my 15 years in the airline industry!! Every time it seems that we are on the verge of a genuine shortage something always comes along to screw it up e.g. Gulf War, Internet Bullble Burst, 9/11, SAR's, GFC etc..
Now Europe is about to go down the toilet again, double dip recession anyone??