The Pilot Shortage Crisis Is Nigh!
People in the aviation industry have been talking about a looming U.S. pilot shortage for decades, but you may be hard pressed to find anyone in the U.S. who's actually experienced one during the past 20 years. Actually, 20 years ago, I remember receiving materials from an outfit that explained just how strong the demand would soon be. Now, the warnings are back (if they ever went away). So, should you believe them this time? If you think the hype is overblown, you're not alone."Shortage" is relative, and if history is any indicator, any future shortage may depend more on real world market conditions than projections developed years earlier (a.k.a., today). For example, if there were any projections for a shortage this past decade, market forces turned that shortage into massive furloughs that took place around 2003 and slashed benefits for many pilots lucky enough to keep their jobs through that decade. Back then, Northwest Airlines was on pace for 1,068 total furloughs. United and Delta had actually each hired furloughed pilots
to serve as furlough administrators. Not long after that, in 2008, the world's economy fell off a cliff.Click here to read the full article.