Airlines battle growing pilot shortage that could reach crisis levels in a few years

It's a great time to be studying to be pilot. Just ask Madison Wolf who has only a year of training left at the Metro State University of Denver.

"I've seen even just in the few years that I've been at it they've been offering more and more money,” Wolf said. “They're just trying to get as many people as they can."

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That's because a shortage of pilots is already hitting some sectors of the industry, mostly small regional airlines and ultra-low cost carriers.

Aviation analyst Mike Boyd says the major airlines are only just beginning to feel the pinch.

"There are restrictions, if you will, on how many pilots there are but it hasn't really hit home yet,” Boyd said. “The real hit's going to be in the next three to five years."

The Boeing Pilot Outlook predicts a need for 117,000 new pilots between 2017 and 2036 in North America alone. Worldwide, the demand for new pilots will be an astounding 637,000 during the same period.

"I see the pilot shortage myself," Wolf said. "We're so short on instructors . . . (Read More)

Kelly David Burke; Fox News: December 20, 2017: From the Web: 

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