The national security of the U.S. relies on a healthy airline industry. That requires modern reliable airplanes – and highly skilled pilots to operate them.
However, the U.S. has a shortage of pilots right now, particularly at the regional airline levels.
Meanwhile, during this time period, there has been a tremendous increase in the demand for air travel. The International Air Transport Association predicts that, over the next 20 years, air travel will double.
This is a classic case of low supply and high demand. This mismatch has created a perfect storm that could wreak havoc on the U.S. airline industry over the next decade. The somber news is this shortage is going to get much worse.
I have not only studied and researched the airline industry since 1978, but I also was a pilot for 19 years, before going back to academia in 2006.