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Think of all the guys who have gotten out of the profession who would gladly get back in for the right money.
I know a few guys who have thousands of hours and enough 121 time to be viable, who would leave their good jobs if the pay was right. They never got over the flying bug, but had to leave the industry to feed their families.
BOILERUP said:Shortage does not equal scarcity.
bvt1151 said:This is very intriguing to me. Could you elaborate your thoughts?
A scarcity of pilots (or widgets) means there are not enough pilots (or widgets), period.
A shortage of pilots (or widgets) means there are not enough pilots (or widgets) at the current price level. Raise the price, the shortage goes away.
This is why United, Delta, and US AAirways have 10k resumes on file (to say nothing of SWA and FedEx) and Great Lakes, Expressjet and Mesa are struggling to recruit and retain flight crew.
But but Jenny says Deltahhhh is getting a mess of them 717s! That should be good huh.
There is no industry-wide pilot shortage; there most certainly is no scarcity of pilots.
COULD there be an industry-wide pilot shortage in the future? Probably not but maybe, anything is possible. National scarcity of pilots? Doubtful as fewer, larger airplanes fly routes less frequently...but again, I suppose anything is possible.
Any shortage will start on the bottom of the industry (regionals as currently seen, crappy 91 and 135 gigs, etc) and will filter upwards as it becomes more severe.
Will major/legacy airlines, FedEx/UPS and Fortune 500 flight departments park airplanes because they can't find enough people to fly them in the next decade? Absolutely, positively not.
The recent 1500 hour rule change will make it tougher for people to get jobs, plus high cost Universities like Riddle will keep most out on cost alone. There is also a Worldwide shortage. The ME Big 3 have tons of big Widebody orders, plus SE Asian LCCs are expanding with hundreds of narrowbody A320 and 737 orders. China, Korea, and even Japan are short on pilots too. Wages will go up worldwide or expansion plans won't fly....