With Covid seemingly coming to and end, the demand for air travel had started coming back to life so much so that airlines are now passing on fuel charges and it isn’t impacting demand. Unfortunately, what is impacting supply is a shortage of pilots. From Yahoo Finance:
“The biggest surprise to us in recent airline commentary was that demand was so strong that they feel confident in the ability to pass through the majority of the fuel increases,” Bank of America analysts wrote in a note after a presentation by Delta Air Lines (DAL) and United Airlines (UAL) at the J.P. Morgan Industrials Conference.
There is a shortage of pilots for passenger airlines, particularly in North America, as well as ongoing staffing issues. The reduction in supply of labor, along with business struggles amid the pandemic, led some airlines to cut routes across the country in late 2021.
Finance Yahoo
As we have pointed out time and time again, we don’t think these labor shortages will go away any time soon simply because there are 10,000 boomers retiring every day that includes pilots, nurses, doctors, lawyers, plumbers, lumberjacks and any other job you can imagine. What this means is more inflation, lack of goods and services and potential chaos. There are no easy remedies for this and the only prudent thing to do is to find more streams of income.
Stay tuned and stay solvent …
[…] will span all across all industries and job types and titles. Airlines have a shortage of 13,000 pilots and the problem will only get worse as boomer pilots retire. Hospitals have shortages of workers […]
[…] caused by 10,000+ boomers retiring every day. We’ve written about the pilot shortage here but now the new concern is a shortage of air traffic controllers. From Fox […]