Short term pilot shortage will have some significant effect but...

Short term pilot shortage will have some significant effect but it will be the equipment that fails the airline. It is not really 'Rapping and pillaging" when you offer better terms and conditions. Rex Captain to Virgin First Officer is looking at a 50% pay rise, to me thats the free market isn't it?

I am wondering has done an analysis based on their aircraft being more then 20 years of age, which is one of the oldest in the world, and the airlines ability to replace them with new aircraft.

Given the SAAB 340 is no longer being made and there is very limited substitues in the 30-40 seat market now. What ability does the airlines have to reequip their fleet (a pretty well fully depreciated one) without significantly effecting their profit?

To me it is very limited foresight for their chairman to say that they are able to operate for another 10 years without any plan to replace the aircraft.

Significant headwinds between the looming pilot shortage and aircraft serviceability.