The economic recession has affected airline travel, of course, as it has virtually every industry. But now the airline industry worldwide appears to be headed toward a recovery as fuller planes, lower fuel prices and additional revenue are starting to pay off. Fuel prices are almost 50% lower than their mid-2008 peak.
People travelling on business, which is the most profitable customer mix for airlines, appears poised to to be ready to bounce back, according to several surveys of U.S. corporate travel managers.
Southwest Airlines in the U.S., for example, soared 12% last month compared to a year ago -- that's in passenger miles and unit revenue (the money taken in for each seat flown one mile).
The airlines who appear to be doing the best are low-fare carriers that focus on domestic flights.
What does this mean to you? If you are considering becoming a professional pilot and flying for an airline as a career, now is a very good time to start your training. Starting your training now would allow you time to train and build time flying as airlines ramp up and grow again -- and hire more pilots.
Don't wait. Now is the time to train, so you're ready to be hired. Contact www. pea.com for more information.
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