Taking an objective standpoint, I think people should consider that the economies of Europe are slowing. Being a frequent traveller on BA (a Gold card member) I used to travel business everywhere, now our policy is to use economy or the cheap airlines. Many of my friends in other companies are being forced down the same route.

I don't know what they really means - that BA will have heavy losses of £65m this year? But the likes of GO, EZY, Buzz all have full aircraft?

What I do know is that confidence in the high spending industries such a Telcomms etc is at an all time low.

I think you have to think that if you start training today, then you'll be qualified to start line training in 13-16 months - just when the economies are either back in business or really suffering - and that will reflect in the airline recruitment. When BA stop recruiting, that has a knock-on to all the other smaller operators - whose experienced pilots don't move.