Facing a critical pilot shortage, airlines scramble to hire new pilots

Airlines are boosting salaries and setting up training centres to combat what is projected to be one of the biggest-ever pilot shortfalls. The dearth of pilots has long been forecast, but it is only now that airlines are being forced to act. Boeing estimates that airlines around the world will need to recruit 635,000 pilots over the next 2 decades to fly the record number of planes being built and to replace the thousands of aviators expected to retire during that span. Following the Sept 11, 2001, terrorist attacks in the US and during the 2008 financial crisis, the aviation industry experienced a downturn and airlines consolidated. That made cockpit-crew jobs scarce and pay raises rare. In recent years, travel has picked up, but the bench of available pilots hasn’t expanded enough to keep pace. <br/>
Wall Street Journal
https://www.wsj.com/articles/pilot-shortage-spurs-hiring-spree-1533720602?mod=searchresults&page=1&pos=6
8/8/18