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UPS Airline, Fed-Ex Airline, DHL Airline, Major and Regional Airline:
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<blockquote data-quote="Bagels" data-source="post: 1178898" data-attributes="member: 43436"><p>I have several friends who became flight instructors en route to obtaining their commercial pilot's license and every single one of them still spent over $50,000. Put simply, the cost is ridiculous.</p><p></p><p>UPS, FedEx and other air freight carriers are not in expansion mode -- more consumers are switching to less costlier alternatives (there's an article about this on the front page). FedEx is actually in retraction mode -- it's intending on shrinking its air fleet as it integrates air volume into its ground network. Currently, a "Saver" (UPS 3-Day equivalent) package sent FedEx from Chicago to Indianapolis is flown -- and often ends up in the receiver's hands overnight. Eventually it'll still get there overnight, but via ground.</p><p></p><p>When I graduated high school, commercial pilot was predicted to be among the hottest, highest paying jobs over the next ten years; American Airlines even bought TWA primarily for its employee groups. Instead, the job was a total bust, as major airlines dumped over a hundred thousand employees from their payroll after 9/11. Major airlines began subcontracting much of their work to smaller regional airlines -- the ones operating as United Express, Delta Connection, etc. -- something like 5,000 pilots existed in 2000 vs. over 20,000 today. The pay scale tops out (typically in 5 years) in the mid-30's for first officers and just over 40's for captains (typically need at least 10 years with the carrier to earn that position). </p><p></p><p>Obviously the major airlines will need to replace their incumbent pilots (most haven't hired in 12 years or more), but the industry's in contraction mode undergoing major consolidation. Delta recently accepted its second pilot class since 9/11 and received such a tremendous response they quickly cut off applications. The reality is that there's simply too many regional carrier pilots and ex-military pilots drooling over the high wages major airline pilots make. </p><p></p><p>In other words, you can expect to pay $50,000-$100,000 for your flight training, then spend the next 10 years working as a regional pilot -- flying from Atlanta to Fayetteville to Minneapolis to Fargo to Salt Lake etc. -- earning perhaps $300,000 (in present value, although wages have been stagnant), delaying putting off having a family, etc. and crossing your fingers hoping you'll be a major airline pilot one day. Still seem worth it to you?</p><p></p><p>I was an airline brat growing up. My NRSA privlidges (dependent) expired several years ago. WAHHH...</p></blockquote><p></p>
[QUOTE="Bagels, post: 1178898, member: 43436"] I have several friends who became flight instructors en route to obtaining their commercial pilot's license and every single one of them still spent over $50,000. Put simply, the cost is ridiculous. UPS, FedEx and other air freight carriers are not in expansion mode -- more consumers are switching to less costlier alternatives (there's an article about this on the front page). FedEx is actually in retraction mode -- it's intending on shrinking its air fleet as it integrates air volume into its ground network. Currently, a "Saver" (UPS 3-Day equivalent) package sent FedEx from Chicago to Indianapolis is flown -- and often ends up in the receiver's hands overnight. Eventually it'll still get there overnight, but via ground. When I graduated high school, commercial pilot was predicted to be among the hottest, highest paying jobs over the next ten years; American Airlines even bought TWA primarily for its employee groups. Instead, the job was a total bust, as major airlines dumped over a hundred thousand employees from their payroll after 9/11. Major airlines began subcontracting much of their work to smaller regional airlines -- the ones operating as United Express, Delta Connection, etc. -- something like 5,000 pilots existed in 2000 vs. over 20,000 today. The pay scale tops out (typically in 5 years) in the mid-30's for first officers and just over 40's for captains (typically need at least 10 years with the carrier to earn that position). Obviously the major airlines will need to replace their incumbent pilots (most haven't hired in 12 years or more), but the industry's in contraction mode undergoing major consolidation. Delta recently accepted its second pilot class since 9/11 and received such a tremendous response they quickly cut off applications. The reality is that there's simply too many regional carrier pilots and ex-military pilots drooling over the high wages major airline pilots make. In other words, you can expect to pay $50,000-$100,000 for your flight training, then spend the next 10 years working as a regional pilot -- flying from Atlanta to Fayetteville to Minneapolis to Fargo to Salt Lake etc. -- earning perhaps $300,000 (in present value, although wages have been stagnant), delaying putting off having a family, etc. and crossing your fingers hoping you'll be a major airline pilot one day. Still seem worth it to you? I was an airline brat growing up. My NRSA privlidges (dependent) expired several years ago. WAHHH... [/QUOTE]
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