scottm |
08-19-2014 11:07 AM |
This is a process, and not a fast one. The current status as I see it:
The U.S. is producing new pilots for domestic consumption at a negligible rate. Embry Riddle and Flight Safety International are over 90% foreign pilots with commitments overseas. They have money and buy luxury apartments while in training, so they have U.S. addresses on their licenses, and the FAA reports they are licensing U.S. residents, but they aren't going to U.S. airlines. U.S. schools will be graduating only a hundreds of American commercial pilots every year for many years, based on current enrollment.
Young Americans are not entering flight training, they consider the career undesirable, and doomed to obsolescence due to automation and technology. The FAA recently released a statement that this would not happen soon, which came across as assuring young people it would happen, probably later during their peak earning years. There will not be a surge of new American pilots, or a surge of foreign pilots taking pay cuts to come here.
U.S. major airlines are hiring 4000+ pilots per year (Boeing forecasts 4,500/yr), mostly from the regionals. That number is supposed to be going up according to the airlines. The regionals have around 16,000-18,000 pilots, it won't take long for this hiring to decimate them, and the U.S. domestic airline networks they fly the majority of.
Regional airlines are in a shortage, are cutting routes and parking airplanes due to lack of pilots.
U.S. business aviation has over 13,000 jets on order. Their pilots have been stagnated as long as the majors, they are approaching normal retirement age. They will need a lot of pilots, especially if they see scheduled airline service cut back in this country. Some estimates (NBAA and Bureau of Labor Statistics) show business aviation hiring more pilots than the airlines over the next ten years. Maybe not, but it will be significant.
All of this is before the industry sees over half the commercial pilots in the U.S. retire in one decade, and a surge in demand with the economic recovery.
So the question is not "will it happen", it is already happening, but how painful will it be and who will win and who will lose?
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