ADAM * THE "WALL STREET JOURNA"
REPORTS THAT AIRLINES ARE
EXPERIENCING A MAJOR PILOT
SHORTAGE.
AIRLINES ARE RAISING SALARIES,
EXPANDING BENEFITS, AND THEY
WILL OFFER MORE TRAIRNG AND
RECRUITMENT PROGRAMS.
AIRLINE ANALYST MIKE BOYD AND
TIM KANAL.
PRESIDENT OF THE AIRLINE PILOT'S
ASSOCIATION.
MIKE, THERE IS A REAL SHORTAGE
OF PILOTS AND ARE THE WAGES
GOING UP SUFFICIENTLY TO ATTRACT
QUALIFIED CANDIDATES?
HAVE GOT TO GO UP.
EVEN WITH BONUSES, ONE AIRLINE
WILL GIVE YOU A $45,000 BONUS IF
BUT YOU ARE ON A PAY SCALE THAT
WON'T TAKE TO YOU MID-TOWN
MANHATTAN TO LIVE TAKEN IN
AAPARTMENT.
ADAM: MY DAD'S COUSIN WAS A
PILOT FOR THE OLD EASTERN
AIRLINES.
IT WASN'T AN EASY LIVING BACK
THEN.
ARE PILOTS STRUGGLING TODAY OR
ARE THE SALARIES SUFFICIENT?
MIKE WAS SAYING YOU WON'T LIVE
IN MID-TOWN MANHATTAN.
ARE PILOTS MAKING A GOOD LIVING?
>> IT'S FREE MARKET FOR PILOT
SERVICES.
SOUTHERN SUPPLY AND DEMAND REACT
TO THAT FREE MARKET.
WHEN THE EMPLOYER WE FEUND FOUND
CLEARLY OVER THE LAST FEW YEARS.
IN A WORK-LIFE BALANCE, THEY
DON'T HAVE ANY PROBLEMS
ATTRACTING THE PILOT.
THOSE WHO ARE HAVING TROUBLE
ATTRACTING PILOTS ARE THE ONES
FALLING SHORT IN THREE KEY
AREAS.
LONG-TERM LOOK IS WE'LL HAVE TO
MAKE SURE WE ARE ATTRACTING
THE NUMBERS HAVE TO BE THERE.
ADAM: I THOUGHT THE PILOTS CAME
OUT OF THE U.S. AIR FORCE.
BUT EVEN THEY ARE HAVING TROUBLE
RECRUITING.
>> I READ THE SAME REPORTS.
THE NAVY IS NOT REPORTING THAT.
BUT THE MAJORITY DO NOT COME OUT
OF THE MILITARY ANYMORE.
THEY COME OUT OF OTHER FIVE
MAIN LINES.
WE CONSIDER THEM ALL AIRLINE
PILOTS WHETHER THEY ARE PLYING
FOR A MAJOR AIRLINE.
ADAM: I READ THE LEGACI'
CARRIERS USED TO PAY $30,000 A
YEAR AND IT'S UP TO $50,000.
WALK WE THROUGH THE PAY
GRADUATION UPGRADE YOU COULD
EXPECT IF YOU GET INTO ONE OF
THESE PROGRAMS.
>> THE PROBLEM IS YOU START SO
LOW.
WE LOOKED INTO THE COST TO GET
INTO THIS BUSINESS.
YOU MAY START WITH A BONUS.
BUT YOU ARE STILL AT $30,000 OR
$4,000 OR $50,000.
NO OFFENSE, CAP TAKEN.
TO BE A CAPTAIN IS HARD WORK.
TO BE A PILOT IS HARD WORK.
IT'S NOT THAT GLAMOROUS.
LEVEL.
YOU HAVE GOT TO GET THINGS TO
GET PEOPLE OUT OF COLLEGE WHO
WANT TO PLY AIRPLANES.
ADAM: MY NEPHEW WHO IS 22 YEARS
OLD HAS HIS PILOT'S LICENSE.
BUT HE'S LOOKING INTO A CAREER
THAT'S NOT IN AVIATION.
HOW DO YOU RECRUIT THAT YOUNG
MAN INTO BECOME AN AIRLINE
PILOT?
WOULD THE AIRLINES HAVE TO PAY
FOR THE FURTHER EDUCATION?
>> YOU HAVE TO SHOW THEM THAT
IT'S BECOMING MORE AND MORE OF A
VIABLE CAREER PATH FOR THEM.
THEN YOU HAVE TO GIVE THEM A
PATH TO ACTUALLY ACHIEVE IT.
IT IS EXPENSIVE TO BECOME PILOT.
YOU MOVED FROM PRIVATE TO
COMMERCIAL PRY PILOT.
YOU CAN BECOME A SPLIET FLIGHT
INSTRUCTOR.
ALL THAT LEADING TO ENOUGH
EXPERIENCE TO GET ONE OF THOSE
JOBS IN THE AIRLINES.
IT'S A GREAT ENVIRONMENT TO BE
LOOK AT THIS FOR A FUTURE
CAREER.
THAT'S WHY I'M OPTIMISTIC WE'LL
FILL WHAT APPEARS TO BE A
POTENTIAL SHORTFALL.
BUT THERE WON'T BE ANY PROBLEM
FILLING IT.