How long will pilot hiring last?

From now until 2026, the U.S. airline industry will have to replace 30,000 retiring pilots; the rate of retirements will be at its zenith in the 2022 to 2024 timeframe.



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Job Outlook Overall employment of airline and commercial pilots is projected to grow 4 percent from 2022 to 2032, about as fast as the average for all occupations. About 16,800 openings for airline and commercial pilots are projected each year, on average, over the decade.

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Consulting firm Oliver Wyman estimates that despite efforts to close the gap, airlines in North America will face a shortage of nearly 30,000 pilots by 2032. The supply of new pilots will grow, but not enough to offset a continuing wave of retirements, the consultant says.

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United Airlines (UAL) - Get Free Report, in particular, has felt the dearth of trained pilots quite acutely. In a March 2023 filing with the Securities and Exchange Commission, the airline named a lack of qualified pilots as one of the reasons for expecting a loss in the first quarter of 2023.

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In 2020, the number of pilots aged over 45 was around 16,000, while the demand for air travel has been growing strongly and consistently over the last decade. In total, it is estimated that around 81,000 additional pilots will be needed across the Americas between 2019 and 2029.

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2025 – 34,000 pilots shortage
More than 34,000 newly trained pilots needed by 2025. The FAA predicts that air travel demand will continue to grow at a rate of 4.3 percent per year, even as more than 4,100 pilots per year retire in the US alone.

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In order for the airlines to try and manage their business during the COVID-19 pandemic, they offered incentives to pilots for early retirement in the form of large monetary buyouts. Many pilots took this lucrative offer, and now these pilots cannot be quickly rehired by the airlines or easily replaced.

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Consulting firm Oliver Wyman estimates that despite efforts to close the gap, airlines in North America will face a shortage of nearly 30,000 pilots by 2032. The supply of new pilots will grow, but not enough to offset a continuing wave of retirements, the consultant says. There is cause for hope, however.

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An acute pilot shortage for major airlines including United, Delta, American and Southwest is forcing the industry to rethink how it trains pilots and recruits the next generation of aviation labor in the cockpit.

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The case study of a Part 135 cargo operator showed that the turnover rate for pilots was 46%, compared to the average across all jobs and all industries of 15%. Pilot turnover costs for the carrier were shown to be $17,405, compared to the average across all jobs and all industries of $13,996.

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The industry is growing more rapidly than the current rate can meet. Becoming a pilot now puts you at an advantage when that demand is truly here. You'll have seniority and be in demand meaning you'll have a sky full of opportunities!

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Yes, being a pilot is worth it for many students. The Bureau of Labor Statistics projects 5% job growth for airline and commercial pilots over the next ten years.

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In 2023, we expect this average pilot salary to increase by 20-40% over the next four years.

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Average Delta Air Lines Pilot yearly pay in the United States is approximately $180,067, which is 171% above the national average. Salary information comes from 4 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.

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The industry's pilot shortage is likely to continue for a few years and airlines are negotiating bumper new contracts, which means pay is expected to keep rising. The mounting labor costs will affect the whole sector but impact some airline stocks more than others.

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Most likely not, as the pilot was always meant to be actively involved in flying operations.

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As of Aug 23, 2023, the average annual pay for an Airline Pilot in the United States is $76,767 a year. Just in case you need a simple salary calculator, that works out to be approximately $36.91 an hour. This is the equivalent of $1,476/week or $6,397/month.

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The tentative labor agreement would have allowed FedEx Express to place more work during surge periods with third-party airlines without paying a higher penalty, but many pilots were concerned that language prohibiting outsourcing if FedEx reduces flight hours or furlough pilots wasn't strong enough.

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