Is the music stopping?

[KAG]

it's just starting. We'll see the true effect early next year. Hold onto your seats folks, it could get fun...

[Invertago]

Since spring is the hiring season, maybe it will balance out to be a rather neutral hiring season rather then layoffs. They are talking that the recession should finish mid summer (best case) and worse case mid summer 2010.

[Rubberbiscuit]

Things are slowing down yes, but I don't think the music will stop completely unless the 705 outfits lays off or go bust. There are a lot of retirements over the next few years at AC and Jazz.

[CLguy]

Iceman wrote:

I grew up in a family where economics & finance was always the discussion at the tabel. I had a father who went to the London school of economics.....so if anything, you should take advice from me!

Iceman where have you gone? I took your advice and was listening to you! Don't let all your followers down at a time like this, tell us what to expect next and what we should be investing in. More importantly tell us what you are discussing at the dinner table now!

[BigB]

CL,

For a moment there I thought you were serious. You forgot to put the " " into your post. Unless you actually were serious.....

[Invertago]

I'm curious as to the average age of pilots in Canada and when the retirement will hit full force. I hope all those retired baby boomers will want to spend their retirement days vacationing at far away destinations. Could be a good combination.

Did AC every lay off many pilots, I remember they where talking about big lay offs a few months ago. Was it smoke and mirrors to scare the union?

[BigB]

...There are a lot of retirements over the next few years at AC......

Rubber, not to sound skeptical, but that saying has been going around for as long as "there is an impending worldwide pilot shortage".

Let's keep this analogy in mind here folks: Company XYZ will have 1 of it's 3 pilot's retiring this Friday...a 33% retirement rate.....Wow, that's huge. On Monday, the same company hires his replacement. Holy S&$*, that's a 50% hiring rate....that's better than the 33% retirement rate! At the end of the day, it's only 1 pilot.

[Koizie1]

I know 7 captains working at AC, another 10 at WJ and not one of them is even close to retiring. Who are all these guys about to retire, does anyone have any numbers to back it up? Its a myth! The only way to increase pilot jobs is to lower oil prices, and the only way to do that is to get rid of OPEC. Oil has finally got to a decent price, guess what, OPEC decides they will cut supply to increase the price. Awesome, thanks!

[E-Flyer]

Airlines Need Discount Pumps at Opec Like Iranians... According to comedian Maz Jobrani HAHA

[CLguy]

The latest I have heard is yes AC still plans on going ahead with the 100 plus layoffs but there has been requests for over 60 leave of absences so the effect should be minimal. Easy to say I guess as long as you are not one of the 50 plus still getting a pink slip!!

[Never Mind]

"Is the music stopping" for the aviation field? All indicators are pointing in that direction. Those of you who fly in the north, providing essential services, are a little safer.

Never Mind

[Rubberbiscuit]

...There are a lot of retirements over the next few years at AC......

Rubber, not to sound skeptical, but that saying has been going around for as long as "there is an impending worldwide pilot shortage".

Let's keep this analogy in mind here folks: Company XYZ will have 1 of it's 3 pilot's retiring this Friday...a 33% retirement rate.....Wow, that's huge. On Monday, the same company hires his replacement. Holy S&$*, that's a 50% hiring rate....that's better than the 33% retirement rate! At the end of the day, it's only 1 pilot.

I was only basing my statement on some numbers posted a while back on the AC Forum. Someone posted a list of retirements over the next 10 years and they varied between 60 and 100+. Is this going to prevent the music from stopping? No! But there will be trickle hiring going on.... pending the economy!

[Terminator]

the music is definitely not stopping and will not stop in the near future!
Westjet,Transat,Sunwing,Canjet,Porter and alot of 703-704 companies are hiring.

[North Shore]

..Hiring right now... The TSX dropped another ~8% today, closed at its lowest level in 4 years. Load factors are dropping around the world http://www.canada.com/victoriatimescolo ... 28c47d6d45 People are talking more and more of a recession. If it comes to pass, I'd be pretty sure that the hiring will halt in a hurry - rosy forecasts and new deliveries notwithstanding. As for retirements, if you were well-advised and had moved whatever retirement savings you had into more stable funds over the last few years, then you might be ok to retire; I'd be willing to wager that your average 58 year old, thinking/planning to pull the pin is probably having 2nd thoughts right now, and might well hang on for another year or two until the whole mess is sorted out...

'Course, no-one has ever accused me of being an optimist

[Terminator]

WE WILL BE FIIIIIIIIINE ! Dont be scared.Be happy now

[Czar]

Last I heard is that Iceman lives in a van down by the river.

[THEICEMAN]

oops...I take back that post then!
Anyways...I'm a bit depressed when it comes to talking about this subject. Somehow everybody wants to pull out their cash as if the world is falling apart.
I need a

For a moment there I thought you were serious. You forgot to put the " " into your post. Unless you actually were serious.....

Didn't you just send me a pm asking me what the outlook of the economy is??

Last I heard is that Iceman lives in a van down by the river.

I live in a very upscale neighborhood BTW..... it's ok I know, I know

[B-rad]

Hey ICEMAN i think you took that the wrong way. what i got out of it was that they thought you were right and you gave the best prediction at the time and now is asking for more advice. what is the dinner conversation now. where do you see it going.

i dont think you should be offended. i would be complimented. these people are listening to what you have to say. maybe they aren't asking you straight out enough.

[Hoov]

oops...I take back that post then!
Anyways...I'm a bit depressed when it comes to talking about this subject. Somehow everybody wants to pull out their cash as if the world is falling apart.
I need a

For a moment there I thought you were serious. You forgot to put the " " into your post. Unless you actually were serious.....

Didn't you just send me a pm asking me what the outlook of the economy is??

Last I heard is that Iceman lives in a van down by the river.

I live in a very upscale neighborhood BTW..... it's ok I know, I know

I don't doubt that you live in an upscale neighborhood, but is it with your parents?

[ragbagflyer]

I don't doubt that you live in an upscale neighborhood, but is it with your parents?

Zinnngggg!

[THEICEMAN]

I don't doubt that you live in an upscale neighborhood, but is it with your parents?

Zinnngggg!

[KAG]

I don't doubt that you live in an upscale neighborhood, but is it with your parents?

Zinnngggg!

...so thats a "yes" then...

[Czar]

Seriously guys, leave Iceman alone.

He's a pilot who's not afraid to speak his mind about our economy. That's hard to find these days.

Iceman, do you have any stocks that I should pay attention to?

[THEICEMAN]

Iceman, do you have any stocks that I should pay attention to?

Sure I know a couple....but it will cost you!

..so thats a "yes" then...

not quite, moved out of Montreal & got a cool place in downtown Toronto now.
Aviation is on hold right now....

[BigB]

It's nice to see that you've finally come out of hiding ICE. How are your year 3 Economics classes going? As I've mentioned, it would be nice to hear your opinion (read what your Profs are teaching). I'd like to see how far academia is behind the power curve in this challenging economic environment. Quite frankly, I use you as an indicator, one of many. By all means please post your favorite stock picks, so that after proper DD, I will in all probability, short them.

Hey ICEMAN i think you took that the wrong way. what i got out of it was that they thought you were right and you gave the best prediction at the time and now is asking for more advice. what is the dinner conversation now. where do you see it going.

i dont think you should be offended. i would be complimented. these people are listening to what you have to say. maybe they aren't asking you straight out enough.

B-rad, I suggest you re-read this entire thread. I won't cut and paste some of ICE's predictions. At best his predictions were inaccurate, at worst he was dead wrong. As I've said before, Kelownapilot, followed closely by Four1oh had the most accurate predictions.