“That sentiment–a common one among the more than 10,000 U.S. airline pilots put on furlough between late 2001 and 2006–has led to what many airline experts call a major shortage of pilots willing to work for U.S. carriers. Bankruptcies, pay cuts, frozen pensions, eroded job security and increases in monthly flight hours have pushed some pilots out of the industry. Others have simply picked up and followed the best jobs overseas. Emirates, for example, expects to hire 540 pilots this year. Half the applicants are Americans. The result is a massive shift of talent and experience from U.S. carriers into the international market.“
Source: Time Magazine. April 14, 2008.