So, SIA still made an operating profit of $229 million dollars and they still take measure such as these? Many other airlines around Asia would only dream of making half that profit! LOL!
I remember in the 1980's the same thing happened. SIA were over staffed with pilots and offered the newbie F/O's to become flight attendants in the mean time until things picked up as it usually does after a slump. I wonder how many back then took up the offer and are now wide body captains? As someone said above, aviation boom and bust is cyclic. Every 7 years or so things will peak. So, if the last boom was around 2007-2008, then we expect another one in 2014-2015. Come back to this post in 2015, and prove me wrong! LOL!