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RFT 461: Is The Pilot Shortage Over?

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Synopsis

“Well, that fixes the pilot shortage.” This has been the “word on the street” since the Covid-19 crisis hit in mid-March. Since then, thousands of airline pilots have taken early retirement packages and extended leaves of absence.   The good news? Private charter flights are more in demand and first-time aircraft buyers are entering the market. While those factors might generate pilot demand, there aren’t enough positions to employ every furloughed airline pilot. And even if there were, many operators are leery of making the investment in them. Temporary Relief According to global management consulting firm McKinsey & Company, it might take up to four years for airline demand to come back to pre-pandemic levels. In the meantime, airlines have “solved” for this by offering early retirements, halting the natural progression of pilots through the ranks. But the strategy has produced the same effect as when the FAA raised the retirement age to 65. And that decision, as we know, fueled the pilot shortage. When