Originally Posted by
tripled
Thanks for the informative post that leverages experience from a previous life. You’ll make a lot of friends in the cockpit if you continue to share free financial advice based on your past endeavors.
As for the airlines, right now the big3 passenger carriers seem to be at the top of the heap for applications. Of those Dal has a lower debt ratio compared to aa or ual but I’m just repeating hearsay whereas you probably know the proper sources to research and validate the claim.
You also surely understand volatility and I think most pax pilots would emphasize how volatile the industry is. The highs are pretty high but the lows are lower. ‘Elastic demand’ is the term if I’m not mistaken. If that’s a worry then a freight airline is another good option to consider. The business model seems more stable. In both cases, the projected hiring picture in either airline sector is good enough in the medium term so the real key for one in your position is probably speed. How fast can you get your tickets and necessary hours? The next question after that is to probably decide where home is/will be. In any case, welcome to the discussion and thanks for offering an honest financial assessment in exchange for some honest airline advice. Good luck on your journey!
Thanks Tripled
I am hoping i can get all my sign offs by the first quarter of 2019 and hopefully a year and change of flight instructor time. I might join a flying club and split time with people when I am not getting enough hours instructing. Hopefully I can average 100 to 120 hours a month as a CFI. I would like to get to 1500 hours by first quarter or second quarter 2020 and then let the dice roll where they may.
As far as airline hiring, Delta has hired around 4,000 pilots in the last 3 to 4 years, do they really need more? AA has 3 regionals they can feed from. Will there still be enough from the demand side for me to have a decent shot at a major or legacy airline by the time I have enough hours?