The pilot shortage is already affecting me. I have had several AA/UAL flights cancelled due to lack of crews, and had to get rebooked (we have our own travel dept-they use sabre) on delta, so aa/ual lost revenue.

If the majors bring all flying in house, or they do a 100% flow thru, that will only help in the short run. There are not enough new pilot starts to supply the pilots for all the planes in the US down the road. The majors will have to do something to entice more civilians to start flt training.

AND then there's the ever-increasing demand from Asia that the majors will have to deal with.