Whether the economy gets better or not, it'll take until early 2009 for fuel prices to stabilize. Then another year for the industry to trim capacity down enough to charge prices that will cover costs. Keep in mind that thousands of furloughed pilots awaiting recall will be ahead of you.
My Personell experience is that its the first to be affected and the last to recovery on economic downtime.
Back when 911 happened I was working for Trans States airline ( a small commuter airline), a bunch of pilots and flt attendents were on lay-off. Even Mil contract work was affected.
I think you would be better off being a Corp pilot or a cargo pilot instead.
It will get better when they realize when business is bad, customer service improvements can sell tickets. The whole experiance of flying these days is becoming a horrible hassle and many changes need to happen to increase the publics love of traveling by air again.
Never. The airline industry has always been sick, barely profitable, and unreliable--and always will be.
The airline industry will recover once the econmy gets better, most likely when we get a new president. Then gas will go low and airlines well have money... :)
When oil prices get better and they start flying newer and more fuel efficient planes.