"Some airlines are already suffering from acute pilot shortages. Cargolux, for example, is currently struggling to find pilots, having revised its terms and conditions for flight-deck contracts, sources say. The Luxembourg all-cargo carrier is so short of co-pilots that flights are being delayed for several hours “or even possibly cancelled,” insiders reveal.

Former Cargolux chief executive Dirk Reich was apparently advised that the new contracts will become a major barrier to recruiting the same numbers of quality pilots as in the past. Unsurprisingly, the mood among Cargolux’s pilots is now “at an all-time low,” according to close observers."