The Airline Industry in the United States
is projected to post $4 billion in profits for 2010 according to the chairman
of the newly formed United Continental Airlines.
Glenn Tilton, speaking to an industry
group in Washington, D.C., said the airline industry has been hit in recent
years by overcapacity and an economic recession that drained travel demand, but
carriers are recovering impressively.
For example: The Air Transport Association of
America (ATA), the airline trade association for the top U.S. airlines, today
said that it expects a 3.5 percent year-over-year increase in the number of
passengers traveling on U.S. airlines during the 2010 Thanksgiving holiday
season. A total of 24 million air travelers are projected over the period,
with daily passenger volumes ranging from 1.3 million to 2.5 million.
“It is reassuring to see travel levels rebounding,
with the stronger economy,” said ATA President and CEO James C. May.
The resulting expansion in the airline industry will
increase the need for new airline pilots in both the near term and into the
future over the next decade.
Louis Smith is the president of FltOps.com, which is an online information service
for aspiring and professional pilots. Mr. Smith, a retired Northwest Airlines
Captain, commenting on the need for new airline pilots to serve the expanding
airline industry said recently, “The four factors that created the depressed
job market are now disappearing. The mandatory retirement age to 65,
elimination of the third pilot, oil prices at $147 per barrel, and a severely
depressed economy will soon be a distant and bad memory.
All the airlines are starting to show record profits even in a weak U.S. economy, and that has never happened. They have shown some remarkable restraint in expanding their schedules, but now they will have to expand since demand is recovering so
Annually, commercial aviation helps drive more than $1 trillion in U.S. economic activity and nearly 11 million U.S. jobs.