Personally, I don't think pilots were ever worth $250k a year
That's probably the most disgusting thing I've ever read on this forum.
A pension? No thanks, odds are very good that it would not exist when you retire anyway. (DAL,USAIR,UNITED, need i continue?) Save and investing on your own is a better plan.
There are two kinds of pensions: A-Fund and B-Fund. You're thinking of A-Funds, which are pretty much disappearing in this industry, although a few are still around. B-Funds, on the other hand, are kept in a private account in your own name, and they can't be taken away in bankruptcy. I have a 10.5% B-Fund, which means that the company contributes 10.5% of my gross pay to my retirement account without me having to contribute a single dime. Anything I put into my 401k on my own is just gravy.
Bottom line is, everyone is just discouraged because we are in a recession and the impact of Age 65 has not worn off yet.
That is something that everyone needs to remember. Without Age 65 there would be no furloughs right now. All furloughs would have been canceled out by Age 60 retirements. Had it not been for Age 65, UAL would have retired approximately 500 pilots since late '07 when the age changed. Think about that. When this runs out and retirements start again in 2012, the pilot job market will look a lot better.
Doug will probably tell you the post 9-11 forum atmosphere was very similar to what we are experiencing today.
Agreed. I wasn't on JC back then, but I've been a regular on Flightinfo since early 2001, and it was basically the same doom-and-gloom after 9/11 too. Things always get better.
Agreed! Always cool to hear from someone that's been around for that long. And to everyone that's so frightened of the possibility of the MPL license, take a look at how much time MD-80 had when he was hired at one of the premier legacy airlines of his day: 200 TT. He obviously didn't crater an airplane because of his low time.
Yeh, with one huge exception, the write up is 99.5% pre-911..
The airline industry we work in and the airline industry he worked in are two COMPLETELY different animals..
Not really. This industry has always been cyclical. This is about the worst it's been in a while, but contracts are about to start getting a hell of a lot better (take a look at the new Alaska narrowbody rates), and retirements will be starting up again in 3 years at an incredible rate. Things will get better. If you want to fly airplanes for a living, then opportunities for good jobs are ahead. Make sure you're ready when the next hiring wave comes.