Get the latest market trends in your inbox
Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul
Tampa-St. Petersburg news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg
A Delta aircraft passes an American flag as it takes off. Photo: David McNew / Getty Images
"Major U.S. airlines are hiring pilots at a rate not seen since before 9/11, and that is encouraging more young people to consider a career in the cockpit," AP's David Koenig reports from Dallas.
Why it's happening: "Hiring is likely to remain brisk for years. Smaller airlines in the U.S. are struggling with a shortage that will continue as they lose pilots to the bigger carriers, which in turn will need to replace thousands of retiring pilots over the next few years."
- "Boeing predicts that the U.S. will need 117,000 new pilots by 2036. Just a decade ago thousands of pilots were furloughed and some abandoned the profession."
- "Pilots who become captains on jumbo jets that fly international routes can earn more than $300,000 a year. But for anyone starting out in the profession, the training is expensive — upward of $100,000."