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Forum » Europe Flight Deck Forums » [EUR] Pilot Training

Is evidence increasing that the downturn is upon us....

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Written on: 06. 08. 08 [21:08]
fliteadmin Board SFO Administrator Topic creator registered since: 26.12.2006 Posts: 153	This statement comes from Ryanair: "The European airline sector is presently facing one of these cyclical downturns, with possibility of a "perfect storm" of higher oil prices, poor consumer demand, weaker sterling and higher costs," the airline said in a statement. Your comments please. What are your views on the situation? Should we fear for our jobs? fliteadmin flightwork.com - International Pilots Net
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Written on: 09. 08. 08 [12:51]
airbusskip Board SO registered since: 08.03.2007 Posts: 10	Whether we have to fear for our jobs depends largely on the company you are working for. While it is relatively save to work for a carrier based in the fast growing economies of China, India and the like it mighht be relatively turbulent if flying for a carrier in one of the 'old' markets. Another option is the biz-jet world. The rich usually only get richer. Another article about the expected slowdown from the BBC: http://news.bbc.co.uk/1/hi/business/7540829.stm Extract: The number of people travelling on international flights grew at the slowest rate in five years in June, according to a report. World passenger numbers were up 3.8% in June from a year ago, the International Air Travel Association (IATA) said, as the economic slowdown took hold. Load factors - which measure how full planes are - fell in June, IATA said. The association warned the situation would get "a lot worse" amid plunging confidence and high oil prices. The report said that the volume of freight traffic fell in June, down 0.8%, the first decline since May 2005. Falling confidence from manufacturers was to blame, IATA said. :
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