An American Airlines jet is seen flying above an ocean.<p>Shutterstock</p>An American Airlines jet is seen flying above an ocean.<p></div></div></div><div class=
An American Airlines jet is seen flying above an ocean.

Shutterstock

Pilot recruiting programs are getting canceled (here is why)

But while announced to great fanfare, many of the pilot academies and recruiting programs launched by airlines have failed to pan out in the way they had anticipated.

Related: American Airlines pilot salaries: How to land the world’s “dream job”

As first reported by Bloomberg, American Airlines is suspending its new pilot training from September throughout the rest of the year.

Pilots that are already slated to start with the airline will instead receive their training in 2025.

“This decision allows us to optimize our capacity and tailor our talent growth plans to best serve the current needs of our airline,” American Airlines said in a statement.

More Travel:

United, Delta, and Spirit Airlines  (SAVE)  have all either paused or stopped similar training programs at different points in the year.

The reasons for the pauses are similar and different.

United Air is more heavily impacted by the federal investigation into Boeing  (BA)  airplane safety. The resulting aircraft delivery delays at Boeing mean that, even if airlines hire pilots to fill the current gap, they will not have enough planes for them to fly.

‘We’ve paused new-hire pilot class dates for the remainder of the year…’

While some airlines have profited from the boost in post-pandemic travel, others have also struggled with rising costs and uneven demand.

American Airlines’ stock price is down 17% since the start of 2024.

In a further statement, the airline said that pausing the training is a way to moderate growth and gauge its financial situation until the end of the year.

Earlier this spring, American lowered its capacity growth outlook from 8% in the year’s first half to 3.5% by the end of the first half of 2024.

Messages that American sent to pilots who have been given conditional job offers have started circulating on social media.

“Though you continue to have a CJO [conditional job offer] with American, we’ve paused new-hire pilot class dates for the remainder of the year as part of the ongoing evaluation of our commercial and talent needs,” the email that some pilots reported receiving from VP of Flight Operations Captain Russ Moore reads. “We expect to make decisions about pilot class dates for the first quarter of 2025 later this year and will provide you with an update as soon as possible.”

Related: Veteran fund manager picks favorite stocks for 2024

   

Leave a Reply

Your email address will not be published. Required fields are marked *