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Don't forget the medical retirements. I have heard as high as for every three retirements that make it to 60 1 person does not make it for medical reasons. That number would go up if people were trying to make it to 65.
I don't think that it will be as bad as "just add 5." For example, guys will still be forced to retire for medical reasons, and the likelihood of someone having to retire medically in any given year will increase as one gets older. Further, I bet many guys will consider retiring when they hit the minimum social security retirement age of 62. That 2 year delay will help them with their monthly PBGC benefit as well if they have one coming to them. And of course, there will be some guys who just won't work that long, period.
I'm not trying to paint a rosy picture for hiring when this age 65 deal kicks in because the hiring situation will worsen I'm sure. And I also assume that any hope of a "pilot shortage" and wages coming up in response to that smaller supply will probably be dashed for a few years. But I bet age 65 slows hiring down for closer to 2-3 years vs. 5 years.
I don't think that it will be as bad as "just add 5." For example, guys will still be forced to retire for medical reasons, and the likelihood of someone having to retire medically in any given year will increase as one gets older. Further, I bet many guys will consider retiring when they hit the minimum social security retirement age of 62. That 2 year delay will help them with their monthly PBGC benefit as well if they have one coming to them. And of course, there will be some guys who just won't work that long, period.
I'm not trying to paint a rosy picture for hiring when this age 65 deal kicks in because the hiring situation will worsen I'm sure. And I also assume that any hope of a "pilot shortage" and wages coming up in response to that smaller supply will probably be dashed for a few years. But I bet age 65 slows hiring down for closer to 2-3 years vs. 5 years.
Airways retirement numbers, East and West pilot groups. Of those that were active 3/1/06:
Yr. East West
08 143 46
09 185 47
10 163 52
11 191 44
12 214 65
13 220 51
14 231 71
15 206 69
16 185 68
17 159 66
18 162 85
19 112 78
20 113 88
21 73 90
22 57 94
23 18 77
24 10 92
25 1 94
Year 2025 equals 100% of US East pilots retired that were active on the seniority list as of 3/1/2006. After 2025 there are still 25% of the West list remaining, or about 500 pilots with the last one retireing in 2039.
Of the recent recalls to the east side, There will be a smattering increase of retirement numbers through the years. If everyone had accepted recall, the youngest pilot on the seniority list would have retired in 2035. Still 4 years before the youngest America West guy. Kinda of hard to pull the numbers out, but looking at the East retirements, including those on furloughed, the numbers look like this.
Yr East
08 177
09 232
10 194
11 246
12 267
13 283
14 289
15 289
16 292
17 255
18 261
19 209
20 222
21 168
22 165
23 148
24 118
25 97
26 103
27 109
28 69
29 68
30 62
31 47
32 27
33 15
34 4
35 4
200725993200860593320097058632010895774201113056442012155548920132185271201426450072015333467420164734201201755036512018521313020195192611202045121602021392176820222871481202326812132024254959202527268720262214662027142324202811920520297313220305775203142332032132
Wow! Delta really cleared out the senior pilots. Hardly any retirements in the next few years.
Year 2025 equals 100% of US East pilots retired that were active on the seniority list as of 3/1/2006. After 2025 there are still 25% of the West list remaining, or about 500 pilots with the last one retireing in 2039.
Of the recent recalls to the east side, There will be a smattering increase of retirement numbers through the years. If everyone had accepted recall, the youngest pilot on the seniority list would have retired in 2035. Still 4 years before the youngest America West guy. Kinda of hard to pull the numbers out, but looking at the East retirements, including those on furloughed, the numbers look like this.
Yr East
08 177
09 232
10 194
11 246
12 267
13 283
14 289
15 289
16 292
17 255
18 261
19 209
20 222
21 168
22 165
23 148
24 118
25 97
26 103
27 109
28 69
29 68
30 62
31 47
32 27
33 15
34 4
35 4