Greetings bloggers...
As a military turned civilian (just retired) pilot in the pool with the rest of ya...(looking for work...ouch)....I offer the following two cents worth:
Once upon a time, the regional/commuter business was a hiring pool for the big-shots (hence it was only a stepping stone). Clearly, American airlines have not figured out how to be profitable (SW the exception....FEDEX/UPS...different animals). 9-11 didn't kill the airline industry - one can blame the internet (ergo Al Gore - hah!) - for their crumbling. The internet introduced the Wal-Mart affect to the airlines - and the flying public was eager to eat up the cheap tickets that were offered.
Unwilling to assert their need to make money, the "legacy" airlines doomed themselves by caving in to the marketing practices of their competition.
Adding molasses to the machinery was the "old boy" idea that pilots should be paid a bazillion bucks for flying a bus in the sky. Nice idea in the early days of aviation...but "too good to be true" for the long haul. Yes, pilots should be paid well...but what we do doesn't rate a multi-million dollar pension. (I think that the peanuts that commuters get paid is rediculous and offensive!! - if the flying public only knew.....where's the union??)
Finally - market economics will always drive things - and we're coming out of a down cycle. A LOT of folks are quoting 2007. I think this is a valid optimistic outlook for the industry. SW is hiring 500 pilots a year for the next five years (at least). Delta is talking about needing to hire new pilots next summer. Virgin is coming to America. VLJ's and BIZJets are exploding (in growth....). The future is rosy - and with it will come a change in the status quo. When there's truly a shortage of pilots...(if that happens)...then companies will have to pay more to encourage applicants.
I personally think that we'll all enjoy the changes. Overall pilot pay will stabilize at a "reasonable" rate...perhaps $100K - $150K range for "major" and $50K range for regionals....bizjet guys are STARTING in the $100K range and I have a buddy who just got a job STARTING at $190K (Private owner).
It does make sense to me that there would be a shortage of interest (therefore pilots) in the bottom end of the market. This will only deepen as more pilots are hired into other jobs and more commuters give up on the tight budget/lifestyle.
Good luck to all!! The future is bright!