QF, J*, VB, VB Lite. VB Int, Tiger - Over Capacity
 

Playing devils advocate here!
There is all this talk of pilot shortages, there are all these airlines expanding.
Virgin Blue (domestic, lite or express, international)
Qantas (Maybe Shrinking)
Jetstar
Jetstar International
Tiger airways
Will not something have to give. There are only so many people in Australia, and only so many people who want to fly. Are we not headed for a situation when there will be too much capacity, someone can't make dollars and goes bust, and once again there are pilots out on the street without a job.
I could be completely wrong and hope i am, but i get the feeling that the economy has been strong for a while now, airlines are going gang busters, everyone's happy, got job, not enough pilots, then boom.
Just get the feeling no one is watching the bigger longer term picture. Aviation always goes in cycles. Just get the feeling the higher this cycle, the bigger the fall the other side.
Hope it doesn't happen, but I reckon be careful.

Enjoy it while it lasts...

Like you said, it goes in cycles, so get into a secure job and hope you dont get the flick if it goes pear shaped!

Have a look to the other side of the Pacific to see where over capacity is going to take us.

We don't have chapter 11 provisions.........