Yes, there may be be no recession in the
UK we have low unemplyment, strong and sustainable growth, and low interest rates.
However on a sector by sector basis the
air transport sector is definately experiencing a recession.
Two quarters of negative growth seems likely after 11/9 although Easyjet Go and Ryanair may beg to differ - so it may be a flag carrier recession
The biggest dangers to recovery are
1/ European bale outs of inefficient
flag carriers. Rod Eddington.
2/ The Media - who seems continually disppointed that we are doing so well
3/ Oil prices going up - Conflict in the Middle East
And the biggest problem for UK wannabees
is the influx of JAA licenced type rated
pilots from the EU as the Flag carriers dispense with Engligh speaking crews
most of which will be the younger ones
as they will find it difficult to afford redundancy for the £100,000+ pa guys..
[ 22 October 2001: Message edited by: RVR800 ]