Airlines grappling with a growing shortage of pilots are in a squeeze. More baby boomer pilots face the mandatory retirement age of 60, and there are fewer young people interested in taking their seats. With salaries and benefits on the decline in recent years, a career as an airline pilot is losing some of its glamour. U.S. carriers also face strong competition for young recruits from the military and from overseas airlines.
Demand for pilots, meanwhile, is picking up rapidly, both in the U.S. and around the world, particularly in China and India. U.S. commercial air travel is expected to grow by 500,000, to 1.2 billion passengers by 2020, according to the Federal Aviation Administration (FAA). Domestically, airlines are increasingly finding it more efficient to fly smaller planes, which means more-frequent flights, requiring more pilots.
Uncle Sam will help some by raising the mandatory retirement age to 65. Look for the FAA to issue a rule later this month allowing one pilot of a commercial flight to be over 60, as long as the other one isn't. The International Civil Aviation Organization recently approved a fly-until-65 standard, making it easier for the FAA to follow suit.
But airlines still face an uphill battle for more pilots. They'll struggle to fill about 12,000 jobs this year and are looking at having to fill another 20,000 openings by 2009 because of retirements and other factors.
To meet the demand, airlines are offering $5000 signing bonuses and $1000 or more to employees for referrals that lead to a hire. In addition, airlines will soon offer to pay at least some of a pilot trainee's schooling costs if he or she commits to working for the airline after graduation. Costs aren't cheap -- they typically run from $175,000 to $200,000 per pilot. Regional carriers, which are especially hard hit by shortages, are also lowering experience requirements from 1500 hours to 250, the FAA minimum.
For business and other air travelers, this is not good news. It spells higher operating costs for airlines, which undoubtedly will lead to higher ticket prices. And it sure won't help with reducing flight delays and other travel hassles.
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POSTED BY: Greg (November 21, 2007 08:46 PM)
Few airlines have offered signing bonuses, and I have yet to see any as high as $5000. Signing bonuses generally are only available to pilots with previous experience in the specific type of airplane they are going to fly (i.e. CRJ, ERJ, B-737, etc.).
My background is in Economics and I recently took a position as a First Officer for a regional airline. While my educational expenses have roughly equated to what it would take to earn a JD or MD, I will be lucky to earn $20,000 this year. I am not complaining. I love my job. However, it is not realistic to assume this industry can maintain adequate staffing levels when there is such a low return on the investment of flight training.
Higher ticket prices are absolutely necessary to return the supply/demand for pilots to equilibrium. However, the article was incorrect in saying that higher prices will not help in reducing flight delays. Many of the recent delays have been caused by a shortage of pilots. As higher prices bring in greater revenue, the increase in pilot pay will once again make it an occupation worthy of the financial investment needed to get started.
POSTED BY: highsixnumber6 (December 05, 2007 02:46 PM)
I have thirty fives years of flying experience, flown the B-747-400, B-757, A-320, DC-9, LR-25, CE-500, AC-1121.
If given the chance to start my life over knowing what I know about aviation I would NOT pursue a flying career!
The managements of airlines have decimated the retirements and benefits, along with pay.
The UK graduated nine instrument rate pilots last year so there may well be a pilot shortage.
It takes years to become skilled at aviation.
My advice: don't pursuit a flying career. Start a career that has a future.
Management of airlines use and abuse their employees to their benefit.
POSTED BY: Eric Rios (May 17, 2009 10:57 PM)
The not long ago Buffalo crash is an indication of things to come. If the
public does not demand it, more crashes will be the norm. If anyone has been paying attention, world wide crashes of similar carriers are on the rise. Spain, Guatemala Africa (737 MD80) come to mind in 2008. There is an old saying. Learn from someone else's mistakes since chances are you will not survive your own. At least in years past the experience levels, especially pilots from the military, were high. The only savior right now is the economy being so bad that there will be no more 1000 hours flying wonders in command of your lives.