...In the end, it will be the insurance companies who end up forcing carriers to raise the bar in hiring pilot applicants. At some point (and to a degree we have seen it happening), there will be enough incidents, accidents, customers hurt or killed due to the "bottom of the barrel" being placed into flight decks, that the insurance companies will say to these carriers, "either raise your hiring standards and incentive to attract more qualified personnel or we raise your insurance."
PS -- This is not my theory, I have paraphrased statements from a handful of analysts and statements in aviation business textbooks.
PS -- This is not my theory, I have paraphrased statements from a handful of analysts and statements in aviation business textbooks.