fbpx

Stratus Financial

90 Discovery Irvine, CA 92618
Untitled design (9)
Union-2.png

We Need Pilots: Travel Demand Skyrockets From Regional Airlines

If you’ve always wanted to be a pilot, now is the perfect time! Did you know that regional airlines have been increasing their pilots’ pay? Piedmont and Envoy Air, owned by American Airlines, are doing this now in an effort to counter hiring competition from both budget and cargo carriers.
 
Here at Stratus, we support young people’s dreams of becoming a pilot and flying in the air. This time, we have another reason to say why being a pilot is worth all the trouble! Pilots are in demand! Well, at least in the next two years. Imagine a salary increase of 50% at the end of August 2024. Who wouldn’t want that, right? Because a lot of pilots were laid off due to the Covid-19 pandemic, regional airlines like American Airlines are trying to win the pilots back with this fantastic deal. Newly hired officers can now expect a payment of $90 an hour through the summer while the new captains can be paid roughly $146 an hour. This is definitely a lot higher than what Piedmont originally offers: $51 an hour for first officers and $78 an hour for captains.
 
Regional airlines keep trying to sway pilots to join their companies with high signing bonuses. Unfortunately, a number of them still keep losing their pilots as pilots look for larger airlines to work out. It’s important that regional airlines stay in the loop when it comes to the travel industry. They are a critical link in the U.S. aviation system since they operate 40% of domestic flights. Large airlines simply can’t handle all the flights for a number of reasons, mainly financial ones. 
 
It’s worrying if regional airlines are unable to bounce back from the pandemic. 100 regional aircrafts can’t fly because of the lack of pilots. This means people won’t be able to head to specific regions or states when they’re traveling. 
 
So far, only Piedmont and Envoy have offered such an increase to pilots. But other regional airlines may soon follow the same example as travel demand has risen exemplary high. According to Piedmont Chief Executive Eric Morgan, “This level of demand is not something we’ve seen.” More than 10,000 pilots are expected to be hired this year, especially as Covid-19 restrictions lessen. This will definitely top the 5,400 pilots hired last year! 
 
This is still an ongoing problem that airlines and lawmakers have been trying to address. Other than the pay raise, another proposed solution has been to introduce legislation to raise the mandatory retirement age for pilots. Some airlines have even suggested outsourcing pilots from Australia on a special visa. 
 
Sometimes, it’s not the lack of pilots that’s the issue –it’s the lack of experienced aviators. In order to fly, pilots are required to have 1,500 hours under the belt. This is an obstacle for pilots who simply don’t have the time and funds to be hired at most conventional and commercial airlines. This is why other airlines and companies are looking to hire pilots with only 750 hours of flight time, provided they have restricted licenses. These newly-raised bonuses from Piedmont and Envoy could be the solution for the lack of pilots in regional airlines! If you’re a captain switching from another airline, you can expect to easily earn $200,000 a year initially. So what are you waiting for? Everybody wants a pilot and you’re exactly what they’re looking for!Ready to start your aviation career? Email us at lending@stratus.finance or call (855) 301-3335.

Related Blogs

How much do airline pilots make?

United Airlines Pilots Get Pay Raise as Global Travel Disruption Continues

How is a pilot’s salary calculated?

2.1 million new commercial aviation personnel needed

Pilot pay increased as hiring battle heats up

Pilot Pay Raises at PSA Airlines, Piedmont, and Envoy

American Airlines offers competitive pay raise to pilots

Envoy Air Offers New Bonus for Experienced First Officers

Airline Pilots Demand Higher Wages and Better Treatment

Things I Wish I Knew as a Student Pilot

How airlines around the world are tackling pilot shortages

Airlines Struggle to Keep Up With Pilot Shortage

Air travel is picking up. Now the airlines have to play catch up.

Career Pilot Demand Forecast for 2023

Pilot in demand for the next 20 years

Competitors seek pilots from distressed airlines

The Shortage of Pilots Around the World is a Big Concern

Airlines have Doubled Pay, and There’s No Better Time to Becoming a Pilot

Historic Pilot Shortage Encourages Flight Schools To Fill The Gap

Mother-Daughter Take On The Skies As Part of Southwest Airlines

American Airlines Make Flight School More Affordable and Accessible

Invest On Your Future: How Much Does It Take To Become A Pilot?

Get Started On Your Books: The Top Five Things To Study In Advance

More Pilots Needed: Airlines Turn to Diverse Crew

5 Helpful Techniques To Become A Pilot

Things you should do before signing up for a flight school

Frontier Airlines launching a pilot program for new generation pilots

Be Prepared: The Challenges Of Being A Pilot

Staff Shortage in Airport across the country

5 Safety Spotlight Pilot Tips

Tips to help you fly like a PRO

What do the stripes on a pilot’s uniform mean in the US?

Protecting yourself from online fraud

Benefits Increase as The Demand for Pilots Grow

Thinking of Cosigning A Private Student Loan? Here are five things you should know!

We Need Pilots: Travel Demand Skyrockets From Regional Airlines

5 tips for building your FICO score to apply for Stratus loans!

Managing Student Loan Debt

Understanding Interest and Capitalization

What is a credit report and why is it important when applying for Stratus Loans?

A guide on how to formulate a plan based on borrowing and repaying

Understanding Private Student Loans and How Stratus Can Help You!

Managing Your Student Loan Tax Benefits and Forms To Save You Money

You Just Closed On Your Loan or Thinking About Closing On Your Loan With Stratus: How to Pay it Off FAST

Student Pilot Financial Basics: Start Here to Understand Financing Your Student Pilot Loans

How Stratus Works With Flight Schools to Achieve Their Students’ Aviation Dreams

Six Opportunities Await You If You Become a Pilot in the US

Federal Reserve Rate Increase Explained and How You As A Student Will Be Affected

A Quick Guide on the Types of Pilot Certifications in the US

You need this CREDIT SCORE to get approved for a private student loan

School Partnerships at Stratus

Student Loans – What You Need To Know