A storm is brewing in the cockpit of U.S. airlines: a pilot shortage.
Thousands of pilots are nearing the mandatory retirement age of 65, just as it is becoming harder to be a commercial airline pilot.
New federal pilot-rest rules and tougher qualification standards requiring new pilots to have 1,500 hours of flight experience, up from 250, have come at the same time that throngs of senior pilots will be retiring.
The new mandates were implemented in the past six months, in response to the Colgan Air crash near Buffalo on Feb. 12, 2009, that killed all 49 aboard the plane and a man on the ground.
National Transportation Safety Board hearings focused on whether the plane’s two pilots were properly trained and whether factors such as fatigue may have affected their performance.
Although job prospects for commercial pilots are bright, and regional airlines are scooping up newly minted aviators with signing bonuses, fewer young people are choosing aviation careers. The reason: the cost of training and low entry-level pay, $20,000 to $25,000 a year.
In 2012, Boeing projected that 498,000 new commercial pilots would be needed in the next two decades.
“There is a pilot shortage. We’re just starting to see the effects,” said Capt. James Ray, spokesman for the US Airline Pilots Association, which represents US Airways pilots.
US Airways and American Airlines, which merged in December, have 14,000 to 15,000 pilots combined. “We’re going to lose almost half to attrition in the next 10 years — about 7,000 retirements,” Ray said.
American announced in September it would recruit 1,500 pilots over the next five years. Delta Air Lines is currently hiring 300 pilots.
Regional airlines fly short-haul or “express” flights for major airlines and operate half the nation’s scheduled flights and serve three-quarters of the commercial airports.
“When the majors need a pilot, they’ll go down to the regional and grab that regional pilot,” said Tim Brady, dean of the College of Aviation at Embry-Riddle’s Daytona Beach campus. “So the regionals then have to train somebody to fill that role.”
Regional airlines will feel the impact first, but the “real impact” will be on communities whose air service will be reduced, said Roger Cohen, president of the Regional Airline Association, a trade group. “Flights are going to get grounded and canceled; airplanes are going to be parked.”
The pilot supply has been “essentially flat” since 2000, Cowen & Co. airline analyst Helane Becker said in a client note.