The numbers are real, and I disagree with Doug that shrinkage is going to temper the effect of the retirements. In the past, mainline shrinkage was the result of 50-seat RJs being cost effective as an outsourcing tool. That's no longer true. You need 78+ seats to be cost effective, and even that's on the edge. I don't see mainline pilot groups giving up scope for more than 78 seats, and I doubt a bankruptcy judge will do it, either, since 70-78 seats is the industry standard. So, those numbers mean something. Passenger growth over the next decade is a certainty, barring another 9/11, so without increased outsourcing, hiring numbers are going to be incredible. Make sure you're in a position to take advantage of it.
*giggle*
Ok, ATN!

Like Shakira's "hips don't lie", neither does the reality of my airline parking jets and zero growth (at best).
What's going on, in all reality at my airline, is domestic and international codeshare is stemming any pain from retirement losses. Alaska Air more or less absorbed our former Western Airlines route structure and since LAX and SEA weren't considered "hubs", it was a nice way of getting around our domestic codeshare language in our contract. Compare the route structure in 2012 on the west coat, to our route structure in 2000 and before -- those used to be Delta pilots flying Delta jets.
Now on the international side, we're trending toward the former Northwest model, but instead of the "Feed from points in the US to Amsterdam and then KLM-beyond", where we flew point-to-point at Delta, the trend is coming "feed AMS and CDG". The international codeshare allows the company to sell a ticket from darned near anywhere to anywhere, never really touch true company metal, the company sees revenue as if it actually flew the equipment themselves, but who is left out of the mix? The pilots and flight attendants.
For example. We're still serving Edinburgh. But, at absolute best, it'll be JFK-AMS, then KLM AMS-EDI.
The facts are that we're parking widebody jets as AF/KLM are taking new deliveries. The company can still sell tickets, which is great, however average Joes like myself and
Richman have stagnant seniority, at best, or have been moving backwards as the company took that big stock pot of pilots, planes and routes post-merger and is boiling it down and reducing it to a thick stew of closed bases, parked jets and surplus pilots.
Three years ago, I was within a stones-throw of 767ER captain.
Today? I'd be lucky to be awarded MD-88 captain for a few months before mandatory displacement and I'm barely holding a pure international line of time with 15 years seniority in our most junior formerly all-international category.
Glad things are sunny and bright where you are.