Financial issues of some of the major airlines in the US have gotten some media attention lately; newspaper articles have detailed the challenges in running large airlines profitably, especially since the price of fuel has increased. But lower fuel prices and the carriers’ operational and financial changes have helped ease the concern.
Most importantly, thanks to more than a $30 drop in the price of a barrel of oil, things have improved. Over the last approximately six months the major airlines (the seven so-called ‘legacy’ airlines) have boosted passenger air fares, begun charging fees for services, refinanced their debt, sold some assets and issued new stock to build up extra cash. In addition they have cut capacity, typically by grounding their least fuel-efficient aircraft.
It remains a great time to train to become an airline pilot and enjoy an exciting and rewarding career. You might find yourself flying with a regional airline closer to your home — or flying for an international airlines thousands of miles away from your home. To learn more about how to become an airline pilot, contact Phoenix East Aviation at 1-800-868-4359 in the US or 1-386-254-6842 worldwide or check the Phoenix East website at www.pea.com