Originally Posted by
TransWorld
I quite agree. In the next 10 years HALF of all the Legacy Carrier Airline pilots will retire. For American, a little MORE than HALF.
(Southwest, FedEx, and UPS are just a few years behind this with their own huge waves.)
The next decade (11-20 years) will see another 40% retire as well (including a lot of the first hired from the regionals).
This does not consider any growth.
Some major external event can happen, it may cause a blip in the system, but the retirement freight train (sorry to mix my metaphors) is barreling down the track. Nothing is going to stop it.
It is like having a 250 knot tailwind.
Exactly. This is what makes this time different from all other past hiring booms. It was also mentioned in another thread that a lot of guys getting hired at American now are in their 40's. which will set off a second mini-wave of retirements.