Didn't the NLH package just get a 15% uplift?
Strikes me NLH have benefitted from a bunch of senior guys joining who are just looking for some pocket-money. Right place, right time. These guys don't need the money but they act as a brake on T&C's. Bit like when a previous airline took on a bunch of newly retired 55 year old BA retirees...
Is this "normal" supply and demand? Your call...
Southwest obviously pay their pilots peanuts and just happen to be somewhere where everybody wants to work. I'm fairly sure it is run by managers who understand the wisdom of
JS.
I'm also pretty sure there isn't another industry in the world where there is downward pressure on T&C's.