WSJ: The World Faces A Pilot Shortage. In North America, It's Already Here

Demand for pilots globally is on track to surpass supply in 2024, according to the latest projections by consulting firm Oliver Wyman. In North America, where the shortfall is the most acute, demand already outstrips supply by 8,000 pilots.

The regional shortage developed for a variety of reasons including baby boomer pilots being compelled to retire at 65 and fewer military pilots available to be hired with the increased use of unmanned drones in combat. But the shortfall’s impact was accelerated because of the early retirements offered during the COVID pandemic. With the rapid rebound of demand, the result has been flight cancellations and delays as well as higher labor costs as airlines try to attract pilots with increased compensation, new training programs, and other job enhancements. Oliver Wyman forecasts a 29,000 pilot shortage in the region by 2032.

Read the full article on: The Wall Street Journal