Growing Evidence That The Upturn Is Upon Us
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WWW does bang on a bit but unfortunately for many he has been proved very right.... delivery like a brick to the face I grant you.... but the message has had its merits.
Egnhflyer... I must of missed the value you added to this thread other than having a dig at WWW?? If you have been barred I think the thread is hardly going to be poorer for not having your intellectual vigour... and the ATPLs are a piece of piss... have been ever since the Bristol question bank etc came about.... you don't have to be particularly bright to average in the high nineties.
I am sure the pilots currently losing their jobs will be glad to know that it is just as a result of the sort of "mumbo jumbo" WWW spouts.... which part of this recession is "mumbo jumbo"..... some folks on this site my be
ostriches if you can't see what a mess the industry is in!!!
Egnhflyer... I must of missed the value you added to this thread other than having a dig at WWW?? If you have been barred I think the thread is hardly going to be poorer for not having your intellectual vigour... and the ATPLs are a piece of piss... have been ever since the Bristol question bank etc came about.... you don't have to be particularly bright to average in the high nineties.
I am sure the pilots currently losing their jobs will be glad to know that it is just as a result of the sort of "mumbo jumbo" WWW spouts.... which part of this recession is "mumbo jumbo"..... some folks on this site my be
ostriches if you can't see what a mess the industry is in!!!
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Since WWW and some others are rightly attaching the future of aviation with the economy:
I would say if you are entering this career you need to take a long term view (somewhat like investing) and of course you are investing when you go the flying school arent you?? Dont expect an immediate return!! In fact you may well experience dips and periods with no activity. and like in the market; maybe now is or is not the time to invest in flight training depending on what you think the economy is going to do realizing that recruiting will follow suit either way..
My hunch is that things are going to decay a bit with a long period of flat non-activity. just remember the people who are saying that they see green shoots etc all have a vested interest in saying so (estate agents, politicians, bankers and yes FTO's). Statistics are great; but these folks will bend them and only tell you the ones they want you to hear..
personally i say wait another year or at least till things are definately stable before jumping in..
I would say if you are entering this career you need to take a long term view (somewhat like investing) and of course you are investing when you go the flying school arent you?? Dont expect an immediate return!! In fact you may well experience dips and periods with no activity. and like in the market; maybe now is or is not the time to invest in flight training depending on what you think the economy is going to do realizing that recruiting will follow suit either way..
My hunch is that things are going to decay a bit with a long period of flat non-activity. just remember the people who are saying that they see green shoots etc all have a vested interest in saying so (estate agents, politicians, bankers and yes FTO's). Statistics are great; but these folks will bend them and only tell you the ones they want you to hear..
personally i say wait another year or at least till things are definately stable before jumping in..
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WWW does bang on a bit but unfortunately for many he has been proved very right.... delivery like a brick to the face I grant you.... but the message has had its merits.
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Geeez so the people who said the recruitment boom would last for ever were right..... you guys are so in denial it is pathetic.
This thread isn't about WWW it is about spotting the upturn in the industry... frankly at the moment with pilots still being laid off in buckets loads just exactly where is WWW wrong????
The industry is in the Sh1t up to it neck, T&Cs are getting slashed, people if they can find work are working for free, very few jobs around if any..... but no you guys just can't see it.
I don't give a monkeys if WWW bangs on about it the FACT is he is bang on at the moment... or do you disagree?? I am sure those being laid off by Virgin, BA, CTC cadets at Easy would probably bloomin' well agree with him!!
P.S. Foghorn and Superdash.... which airlines are you working for?? Or are you both in training/holdpools just hoping WWW ain't gonna be right for the next 12-18 months.... sounds like sour grapes to me....
This thread isn't about WWW it is about spotting the upturn in the industry... frankly at the moment with pilots still being laid off in buckets loads just exactly where is WWW wrong????
The industry is in the Sh1t up to it neck, T&Cs are getting slashed, people if they can find work are working for free, very few jobs around if any..... but no you guys just can't see it.
I don't give a monkeys if WWW bangs on about it the FACT is he is bang on at the moment... or do you disagree?? I am sure those being laid off by Virgin, BA, CTC cadets at Easy would probably bloomin' well agree with him!!
P.S. Foghorn and Superdash.... which airlines are you working for?? Or are you both in training/holdpools just hoping WWW ain't gonna be right for the next 12-18 months.... sounds like sour grapes to me....
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No sour grapes at all, I have a job that pays well and keeps me current. I just think a more balanced view on things and a better attitude towards other users is required that's all. All people on here can do is express their opinions.
Go and ask a Professional Economist what is going to happen over the next 2 years and all you will get is maybe this maybe that but this but that. No One on god's green earth can say for certain what the future holds. WWW and a couple of others seam to think that they are all knowing and frankly they have an attitude problem.
Things are very bad at the moment but it is starting to get better albeit very slowly and there is a long way to go yet before recruitment starts.
Superdash
Go and ask a Professional Economist what is going to happen over the next 2 years and all you will get is maybe this maybe that but this but that. No One on god's green earth can say for certain what the future holds. WWW and a couple of others seam to think that they are all knowing and frankly they have an attitude problem.
Things are very bad at the moment but it is starting to get better albeit very slowly and there is a long way to go yet before recruitment starts.
Superdash
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Japan emerges from recession after year-long slump
Japan today emerged from its longest and most destructive recession since the Second World War as government stimulus measures at home and abroad finally began to pay off. Japan’s GDP grew 0.9 per cent in the April to June quarter, with annualised real growth rate of 3.7 per cent, breaking a run of four consecutive quarters of contraction. However, stock markets across Asia tumbled because economists had expected the world's second-largest economy to grow by 1 per cent in the second quarter. The turnaround makes Japan the largest member of a growing club of developed economies that have managed to scrape their way back from successive quarters of economic contraction. France and Germany last week became the first major European economies to make the leap back, while Hong Kong and Singapore have done the same in Asia.
Superdash - a balanced view is presented here. The format is I argue a bearish position and others are free to argue a bullish one. Hence the arguments are weighed and read by the Wannabe readership in the form of a heated debate. Which for a text based medium is often one of the quickest and most entertaining formats.
As for your comment about a broken clock being right twice a day - it was people like you telling me I was a pessimist/armchair-economist/idiot/egomaniac/vested-interest two years ago when this and 'the other' thread about the collapsing economic situation started. Unfortunately for your broken clock analogy I warned of the house price crash, the banking crisis, the severe recession and the airline redundancies way way WAY in advance of the mainstream media and general consensus.
If you had been around in 2005 you would have been reading my posts of this being "a golden age of wannabeism" because jobs were falling from the sky like apples. Airlines couldn't recruit fast enough and anybody with a SSTR was walking into a major airline job the day after the ink was dry on their license. I was pointing people towards CTC and telling them to get their running shoes on.
But when the facts change so do my opinions - what do you do?
WWW
ps I note Rightmove have their monthly August house-price asking price down 2.2%...
Sellers drop asking price as competition for house buyers heats up
As for your comment about a broken clock being right twice a day - it was people like you telling me I was a pessimist/armchair-economist/idiot/egomaniac/vested-interest two years ago when this and 'the other' thread about the collapsing economic situation started. Unfortunately for your broken clock analogy I warned of the house price crash, the banking crisis, the severe recession and the airline redundancies way way WAY in advance of the mainstream media and general consensus.
If you had been around in 2005 you would have been reading my posts of this being "a golden age of wannabeism" because jobs were falling from the sky like apples. Airlines couldn't recruit fast enough and anybody with a SSTR was walking into a major airline job the day after the ink was dry on their license. I was pointing people towards CTC and telling them to get their running shoes on.
But when the facts change so do my opinions - what do you do?
WWW
ps I note Rightmove have their monthly August house-price asking price down 2.2%...
Sellers drop asking price as competition for house buyers heats up
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This is becoming rather boring now. This thread has degenerated into a Punch & Judy show, every page of late has the same content. It's dull.
"The economy is getting better"
"no it isn't"
"yes it is"
"no it isn't"
You have to be a retarded numpty to think that there will be jobs for wannabes in the near future. How long does everyone think it'll take after the recovery before all the out of work experienced pilots get re-employed? Give WWW a break, he's telling it like it is, there is no ulterior motive. If you all want to go and spend £80k on an integrated then go ahead.
"The economy is getting better"
"no it isn't"
"yes it is"
"no it isn't"
You have to be a retarded numpty to think that there will be jobs for wannabes in the near future. How long does everyone think it'll take after the recovery before all the out of work experienced pilots get re-employed? Give WWW a break, he's telling it like it is, there is no ulterior motive. If you all want to go and spend £80k on an integrated then go ahead.
PPRuNe Secret Agent!
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Well said Deano!
You spend £80,000 on a fATPL now - your only option is to spend another £25,000 (not to mention all the small hidden extras...) and join the other dickheads paying to work at Ryanair...
<200 hours/fATPL, you're stuffed until at least 2012/3, get used to it and find another job!
You spend £80,000 on a fATPL now - your only option is to spend another £25,000 (not to mention all the small hidden extras...) and join the other dickheads paying to work at Ryanair...
<200 hours/fATPL, you're stuffed until at least 2012/3, get used to it and find another job!
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You spend £80,000 on a fATPL now - your only option is to spend another £25,000 (not to mention all the small hidden extras...) and join the other dickheads paying to work at Ryanair...
Ryanair is to switch or close nine of the 10 routes it currently operates from Manchester Airport, blaming the airport's refusal to lower its charges.
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You spend £80,000 on a fATPL now - your only option is to spend another £25,000 (not to mention all the small hidden extras...) and join the other dickheads paying to work at Ryanair...
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But when the facts change so do my opinions - what do you do?
BBC NEWS | UK | Magazine | The popcorn route to recovery
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All of the main indices are off and i'm told by certain friends in the know to stay out of the market as this is only the beginning of the main correction! :eek On the plus side i start my type rating next month 
Ryanair and easyJet spark airport price war
Ryanair and easyJet spark airport price war - Times Online ooohhhh my sex is on fire.....
Ryanair and easyJet spark airport price war
Ryanair and easyJet have triggered a price war among Britain’s regional airports as the site operators fight to keep traffic this coming winter.
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IMF Says Global Economic Recovery Has Started But Long-Term Future Uncertain
(RFE/RL) -- According to a new report by the International Monetary Fund (IMF), the world has begun to recover from recession but the process will not be simple. And sustaining any recovery will require refocusing the United States toward exports and Asia toward imports. The IMF's chief economist, Olivier Blanchard, says the global recession had "left deep scars, which will affect both supply and demand for many years to come."
Whilst I was saying there was going to be a house price crash, banking crisis and severe recession in 2007 the IMF was busy saying:
IMF lowers U.S. growth forecast, no recession seen | Reuters
Wed Apr 11, 2007 10:51am EDT
WASHINGTON (Reuters) - The U.S. economy faces slower growth, but not a recession, as it fights off a housing slump that poses a continuing risk to the outlook, the International Monetary Fund said on Wednesday.
And a year later:
IMF: significant global slowdown but no recession — MercoPress
Tuesday, January 29th 2008 - 12:00 pm UTC
IMF: significant global slowdown but no recession
Stormed by recent financial market turbulence and a weakening U.S. performance, world growth is projected to slow to 4.1% in 2008, down from an estimated 4.9% last year, the IMF said in its quarterly update for the global economy.
Financial market strains originating in the U.S. subprime sector?and associated losses on bank balance sheets?have intensified, while the recent steep sell-off in global equity markets was symptomatic of rising uncertainty, the IMF stated. But the revised predictions are still well short of being a global recession. IMF chief economist Simon Johnson calls it a significant global slowdown. For the major developed economies, the IMF predicts continued, but much weaker, sluggish growth this year.
And then we had the worst recession since the Great Depression.
Notice a **slightly** bullish bias to the IMF's predictions?
I'm with Ruibini - this recession will be over in the next couple of quarters. But that still makes it the biggest baddest longest recession since WW2. So then we get the painful bit. The unemployment spike and then the airline collapses/contractions.
WWW
IMF lowers U.S. growth forecast, no recession seen | Reuters
Wed Apr 11, 2007 10:51am EDT
WASHINGTON (Reuters) - The U.S. economy faces slower growth, but not a recession, as it fights off a housing slump that poses a continuing risk to the outlook, the International Monetary Fund said on Wednesday.
And a year later:
IMF: significant global slowdown but no recession — MercoPress
Tuesday, January 29th 2008 - 12:00 pm UTC
IMF: significant global slowdown but no recession
Stormed by recent financial market turbulence and a weakening U.S. performance, world growth is projected to slow to 4.1% in 2008, down from an estimated 4.9% last year, the IMF said in its quarterly update for the global economy.
Financial market strains originating in the U.S. subprime sector?and associated losses on bank balance sheets?have intensified, while the recent steep sell-off in global equity markets was symptomatic of rising uncertainty, the IMF stated. But the revised predictions are still well short of being a global recession. IMF chief economist Simon Johnson calls it a significant global slowdown. For the major developed economies, the IMF predicts continued, but much weaker, sluggish growth this year.
And then we had the worst recession since the Great Depression.
Notice a **slightly** bullish bias to the IMF's predictions?
I'm with Ruibini - this recession will be over in the next couple of quarters. But that still makes it the biggest baddest longest recession since WW2. So then we get the painful bit. The unemployment spike and then the airline collapses/contractions.
WWW
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BA's Ashley Cowen, (GM of Asia, the Pacific & Africa) is not ruling it out ukdy.
British Airways faces up to the downturn | Business Trends | Supply Chain Interviews | ArabianSupplyChain.com
Is BA still dangerously close to going out of business or has this possibility been over-inflated in the media?
We cannot say we have seen the bottom of this difficult trading environment and this is born out across the entire network. It’s not over-inflated in that we are still burning our cash reserves. That means if we don't do anything about it, at some point we will run out of cash and the business will fold. But although we have continued to burn cash, our actions have reduced the cash burn to around £1.4 million [US $2.3 million] each day. In August 2008, the figure for cash burn was £2.6m per day, so we have improved the situation.
We cannot say we have seen the bottom of this difficult trading environment and this is born out across the entire network. It’s not over-inflated in that we are still burning our cash reserves. That means if we don't do anything about it, at some point we will run out of cash and the business will fold. But although we have continued to burn cash, our actions have reduced the cash burn to around £1.4 million [US $2.3 million] each day. In August 2008, the figure for cash burn was £2.6m per day, so we have improved the situation.
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see cjd_a320 that article has got me slightly worried now as i start a type rating with BA next month mmm ah well if they go out of business atleast i'll have an a320 rating
Yes - its a foregone conclusion.
WWW
WWW
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see cjd_a320 that article has got me slightly worried now as i start a type rating with BA next month mmm ah well if they go out of business atleast i'll have an a320 rating
