Originally Posted by
jeeps
Same reason as back then, too many pilots and few jobs. They can cut wages because pilots will still be willing to work the jobs that are available
This started before 9/11. Remember the old ValueJet (1995-98) finding pilots to work for 25K and having new hirers pay 10K (training costs) on the first day of ground school?
I think rich kids are attracted to the airline industry... the glamour and all. This was before 9/11 and it was already driving pay down for pilots.
I mean, who has the money for college, flight training, build some flight time and then paid 10K for a job?
Not me.