Thread: Attrition
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Old 02-24-2022 | 06:37 AM
  #935  
turbojet28
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Biffle and Christie addressed the pilot attrition issue today on the Barclay’s Fireside Chat. Both stated that attrition was “ticking a little higher”, but both insisted that there were still plenty of apps on file, and that apps had doubled since the merger announcement. Biffle even threw out a hypothetical that even if they opened their own flight school and paid to train pilots from zero to hero, it would cost them 30mil per year, or 1-2% of revenues. He mentioned this in an almost joking tone, almost as if it would never have to happen, but they clearly have analyzed this route. He then closed with a remark completely dismissing the idea that a pilot shortage would be any cause to materially affect the business.
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