Retirements at the Big 3
#21
Gets Weekends Off
Joined APC: Dec 2007
Position: Window seat
Posts: 5,196
The retirement age will be once again amended. If you guys think any different you really are kidding yourselves. My guess, it'll happen sometime in the next three years. Initially it'll go to 67, with the door left open for further amendments. Granted, it won't have the same effect 65 did, but it will have an effect
#22
Banned
Joined APC: Nov 2013
Position: 7th green
Posts: 4,378
The retirement age will be once again amended. If you guys think any different you really are kidding yourselves. My guess, it'll happen sometime in the next three years. Initially it'll go to 67, with the door left open for further amendments. Granted, it won't have the same effect 65 did, but it will have an effect
#23
#24
There are a thousand ways the system, the airlines, the unions, the FAA, the public, will adapt to a projected "pilot shortage". No one should assume the present system will remain intact. The RJs will go away, the ME3 could really hurt US carriers internationally forcing them to become domestic carriers, the FAA could adopt the MPL model, if Congress changes FAR 117. If costs rise enough, fares go up and passengers flee. Don't assume we need those numbers of future pilots and they're not there. Post-9/11, the entire population of air carrier changed as majors furloughed and wet commercial pilots became "Guppy Killers".
Slice back
You don't think UND and ERAU are without an interst in that report out of the conference, do you? I know one of the contributors to the USAF report, he replaced once as the OG, he used that report to get the 30% special salary rate. It's mostly a report for a PME, rather than outside research.
GF
Slice back
You don't think UND and ERAU are without an interst in that report out of the conference, do you? I know one of the contributors to the USAF report, he replaced once as the OG, he used that report to get the 30% special salary rate. It's mostly a report for a PME, rather than outside research.
GF
#25
Gets Weekends Off
Joined APC: Dec 2007
Position: Window seat
Posts: 5,196
GF - Data doesn't change because it's PME.
The current cycle has a huge retirement link. "Time waits for no one" and "no one has every beaten Father Time, ever."
9/11 did set reduce the demand. And "it's back...."
The current cycle has a huge retirement link. "Time waits for no one" and "no one has every beaten Father Time, ever."
9/11 did set reduce the demand. And "it's back...."
#26
I would be careful about sourcing data from any AFIT document. RAND is a much better source. AFIT publishes everything with virtually zero vetting. Sorry, just the way it is.
#27
Gets Weekends Off
Joined APC: Dec 2007
Position: Window seat
Posts: 5,196
Even RAND reports use AFIT and UND reports as references. No report should be accepted without an analysis.
Air Transport Pilot Supply and Demand: Current State and Effects of Recent Legislation | RAND
Couple of observations -
mid 1980's and late 1990's the demand, for about 5-6 years, averaged about 4000 pilots/yr at the majors. The next cycle, which has already started, will average 4,167 for 14 yrs. And the curve doesn't drop, it just keeps on going and going, but perhaps at a reduced rate.
Military separations will only cover about 30% of the demand in the future.
RAND report has charts all the way through it. Demand estimates are in the last couple of pages. Good overview.
And something that didn't exist in prior cycles was the corporate and regional retirements. That's another factor that makes flying a good play for a 2005-2010 H.S. graduate.
Air Transport Pilot Supply and Demand: Current State and Effects of Recent Legislation | RAND
Couple of observations -
mid 1980's and late 1990's the demand, for about 5-6 years, averaged about 4000 pilots/yr at the majors. The next cycle, which has already started, will average 4,167 for 14 yrs. And the curve doesn't drop, it just keeps on going and going, but perhaps at a reduced rate.
Military separations will only cover about 30% of the demand in the future.
RAND report has charts all the way through it. Demand estimates are in the last couple of pages. Good overview.
And something that didn't exist in prior cycles was the corporate and regional retirements. That's another factor that makes flying a good play for a 2005-2010 H.S. graduate.
Last edited by Sliceback; 05-22-2015 at 08:34 AM. Reason: first sentence
#28
Gets Weekends Off
Joined APC: Oct 2005
Posts: 900
dfwflyboy
Nice try, but the last time a prediction like that was made was in 1998, "they'll never be enough pilots" was heard everywhere". The AF was running for cover; the Reserves couldn't keep pilots and set up a 30% special salary rate; GA was out of pilots. I knew guys with 3 and 4 offers from the existing legacies. See how that worked out.
GF
Nice try, but the last time a prediction like that was made was in 1998, "they'll never be enough pilots" was heard everywhere". The AF was running for cover; the Reserves couldn't keep pilots and set up a 30% special salary rate; GA was out of pilots. I knew guys with 3 and 4 offers from the existing legacies. See how that worked out.
GF
Last edited by TankerDriver; 05-28-2015 at 06:54 PM.
#30
Super Moderator
Joined APC: Dec 2007
Position: DAL 330
Posts: 6,865
The retirement age will be once again amended. If you guys think any different you really are kidding yourselves. My guess, it'll happen sometime in the next three years. Initially it'll go to 67, with the door left open for further amendments. Granted, it won't have the same effect 65 did, but it will have an effect
I agree with your conclusion - that the age will eventually be raised, but you are leaving out some very important discussion items:
1. The law of diminishing returns. You sort of touched on this but it needs some clarification. Each raising of the requirement age will have less impact because with each age increase fewer and fewer Pilots will work until the mandatory retirement.
2. The last increase was partially pushed by some Pilots who with their pensions recently cancelled, found themselves financially unprepared for retirement. If the retirement age is raised again this will not be the case. I am sure you will have a few guys eager to fly until they die, but it will be a much smaller percentage then the guys who were willing to extend from 60-65.
3. Even if 100% of Pilots decided to fly until the increased retirement age it would not provide any long term permanent solution to the Pilot shortage issue but would just rather push the problem two or three years down the road at which point we would be in exactly the same place with regard to a Pilot shortage.
In my opinion. Raising the retirement age will probably occur. It will have a minimal overall affect for the reasons listed above and provide zero long term relief to any Pilot shortage issues.
Scoop
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