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Anyone think Southwest will need to hire within the next 5 years?
crjdude
Yep, what Phred said. But, the Wright Amendment ends in October of 2014 and Southwest is scheduled to break ground on the international terminal at Hobby in September with the first flights anticipated in 2015. Southwest is fully funding the five-gate international terminal at an estimated cost of $156 million so I would not be surprised to see at least some growth in order to realize a return on that investment. So, growth in the very short term is not entirely realistic, but growth between now and 2018 is certainly plausible.Unless there is a lot of growth...no.
Phred
If SWA does not hire between now and August of 2018, age 65 retirements will trim the SWA seniority list to just under 7,100. When you factor in some guys leaving for the legacies and FedEx and the occasional guy getting fired for a lapse in judgement skills, there would probably be less than 7,000 pilots on the list. So unless you feel SWA will be trimming there system block hours about 10% over the next 5 years, there will be new hires at SWA.Anyone think Southwest will need to hire within the next 5 years?
crjdude
If SWA does not hire between now and August of 2018, age 65 retirements will trim the SWA seniority list to just under 7,100. When you factor in some guys leaving for the legacies and FedEx and the occasional guy getting fired for a lapse in judgement skills, there would probably be less than 7,000 pilots on the list. So unless you feel SWA will be trimming there system block hours about 10% over the next 5 years, there will be new hires at SWA.
Anyone think Southwest will need to hire within the next 5 years?
crjdude
120 will be hired off the street in 2014. You heard it here first.
Bake
When looking at the numbers from 2013-2020 (the first 8 full years of age 65 retirements), Delta retires approximately 20% of their pilot group while Southwest retires approximately 16% of their pilot group (18% of the pre-merger SWA pilot group and 9% of the pre-merger AirTran pilot group).Yes. The bottom third will apply to the legacies because they will see very little movement for YEARS. The senior AT pilots aren't that old, and when they eventually upgrade they will stick around for years. Very few scheduled retirements (compared to the legacies) in the next decade.
Once Delta does get into their heavy retirements in 2018 and beyond, Delta's pilot costs will increase dramatically as 10-15% of Delta's pilots will be in the schoolhouse transitioning between aircraft types while 99% of Southwest's pilots will be flying the line at any given point in time. Airline profitability and balance sheet strength are directly proportional to the amount of money an airline afford can pay their pilot group every year (and steer clear of the bankruptcy courts).Throw in one airplane type, with one retirement equalling one upgrade and one new hire vs 1 widebody retirement at a Legacy causing multiple upgrades (up to 8 or 9 upward movements).
Replacing the 120 running to the legacies.
Bye Bye---General Lee
Outside chance at hiring in 2014.
Definitely in 2015. If we have guys that are going to be happier somewhere else, I'm all for them making the move. To each their own.
If a lot of people leave, those "buy your 737 type rating" places are gonna LUV it. Too bad that still happens. It's a shame, most airlines pay for newhire initial training, including any type ratings needed. Maybe that policy will change someday. Hmmmm.
Bye Bye---General Lee