Flight Training - July 2020 - 48

FINALLY!
A CARD
FOR PILOTS.

ADVANCED PILOT CAREER PILOT

10

Domestic operating profit
and loss of major U.S. airlines

5
Operating
profit:
$7.7 billion

0

-5
Operating
loss:
-$9.2 billion

-10

3%

Cash Back1 Select
AOPA Partners
CASH BACK1 APPLIED AS STATEMENT CREDIT.

Switch today to the
new AOPA credit card,
and stop paying too
much on your
aviation purchases.

Visit

AOPA.org/creditcard
to learn more

*Certain points and purchases restrictions apply, see full Rewards
Terms and Conditions for full details at AOPA.org/creditcard.
1 Rewards points can be redeemed for Cash Back or other items provided through AOPA Pilot Rewards. A Cash Back redemption is applied
as a statement credit. The statement credit will reduce your balance
but you are still required to make at least your minimum payment. A
minimum of 2,500 points is needed to redeem for Cash Back. Values
for non-cash back redemption items such as merchandise, gift cards,
and travel may vary.

Source: Bureau of Transportation Statistics

The 9/11 attacks and the financial crisis of 2008 had a striking effect on the profits of major U.S.
airlines.

planned to put 600 pilots on the street;
Finnair contemplated a layoff of at least
700 pilots; Chinese carriers sent expatriate pilots packing.
Although the circumstances of the
global coronavirus pandemic are unique,
significant periodic crashes of the airline
industry are a given. Hiring was at a virtual standstill in the early 1980s in large
part because of a debilitating recession
in 1982, and dropped again at the turn
of the decade when international travel
decreased because of a fear of terrorism and the Iraq War. The industry was
clobbered again after 9/11 and again in
2008 by the global financial crisis, as the
Department of Transportation data above
illustrates.
Things have been rosy since 2010, but
here we are again. By the end of March,
the International Air Transport Association (IATA) expected the coronavirus
outbreak to reduce airline revenues from
passenger operations by $252 billion in
2020, compared to 2019. That equates to
a 44-percent fall in passenger revenues
from 2019 and is driven by a 38-percent
reduction in global traffic.
So, what to do? Mom and Dad have
a good old saying: "Don't put all of your
eggs in one basket." Prepare now for the
next downturn. If you are an airline pilot
or flying professionally in any capacity,
while in those long hours at the hotel
between flights, enroll in an online
course. Get a degree in something other
than aviation. Learn a trade. Some airline
48  FLIGHT TRAINING JULY 2020

captains are dentists or run a construction company on the side.
As has been said, airline flying is
the best part-time job out there. For the
younger aviators eying an airline flying
career, expand your horizons and fill in the
gaps left by a total immersion in aviation
at your school so you can weather the next
storm. For the mid-life career changers who
transitioned to passenger flying, don't let
those skills developed in another industry
atrophy. Use those previously honed talents
as a consultant. You can return to the cockpit when the industry turns around.
As important, stay current. If you
are furloughed, join the Civil Air Patrol
or U.S. Coast Guard Auxiliary and keep
flying. Fly puppies with Pilots N Paws.
Dust off that flight instructor certificate and get back into the right seat.
But if you are stressed out, look at the
data. After every downturn there is a bright
side. It may take some time, but the industry
has always bounced back. Before COVID-19,
2019 marked the tenth consecutive year of
profitability for the global airline industry,
and the world's airlines jointly reported
record net earnings of $36 billion.
Although 2020 started out rocky, the
pilot shortage is real and demand will
continue once things stabilize. If anything,
remember this next bit of mom and dad
advice: "This too shall pass." FT
WAYNE PHILLIPS manages the Airline Training

Orientation Program.
atopjets.com


http://www.AOPA.org/creditcard http://www.AOPA.org/creditcard http://www.atopjets.com

Flight Training - July 2020

Table of Contents for the Digital Edition of Flight Training - July 2020

Contents
Flight Training - July 2020 - Intro
Flight Training - July 2020 - Cover1
Flight Training - July 2020 - Cover2
Flight Training - July 2020 - Contents
Flight Training - July 2020 - 2
Flight Training - July 2020 - 3
Flight Training - July 2020 - 4
Flight Training - July 2020 - 5
Flight Training - July 2020 - 6
Flight Training - July 2020 - 7
Flight Training - July 2020 - 8
Flight Training - July 2020 - 9
Flight Training - July 2020 - 10
Flight Training - July 2020 - 11
Flight Training - July 2020 - 12
Flight Training - July 2020 - 13
Flight Training - July 2020 - 14
Flight Training - July 2020 - 15
Flight Training - July 2020 - 16
Flight Training - July 2020 - 17
Flight Training - July 2020 - 18
Flight Training - July 2020 - 19
Flight Training - July 2020 - 20
Flight Training - July 2020 - 21
Flight Training - July 2020 - 22
Flight Training - July 2020 - 23
Flight Training - July 2020 - 24
Flight Training - July 2020 - 25
Flight Training - July 2020 - 26
Flight Training - July 2020 - 27
Flight Training - July 2020 - 28
Flight Training - July 2020 - 29
Flight Training - July 2020 - 30
Flight Training - July 2020 - 31
Flight Training - July 2020 - 32
Flight Training - July 2020 - 33
Flight Training - July 2020 - 34
Flight Training - July 2020 - 35
Flight Training - July 2020 - 36
Flight Training - July 2020 - 37
Flight Training - July 2020 - 38
Flight Training - July 2020 - 39
Flight Training - July 2020 - 40
Flight Training - July 2020 - 41
Flight Training - July 2020 - 42
Flight Training - July 2020 - 43
Flight Training - July 2020 - 44
Flight Training - July 2020 - 45
Flight Training - July 2020 - 46
Flight Training - July 2020 - 47
Flight Training - July 2020 - 48
Flight Training - July 2020 - 49
Flight Training - July 2020 - 50
Flight Training - July 2020 - 51
Flight Training - July 2020 - 52
Flight Training - July 2020 - 53
Flight Training - July 2020 - 54
Flight Training - July 2020 - 55
Flight Training - July 2020 - 56
Flight Training - July 2020 - Cover3
Flight Training - July 2020 - Cover4
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https://www.nxtbook.com/nxtbooks/aopa/ft_201703
https://www.nxtbook.com/nxtbooks/aopa/ft_201702
https://www.nxtbook.com/nxtbooks/aopa/ft_201701
https://www.nxtbook.com/nxtbooks/aopa/ft_201612
https://www.nxtbook.com/nxtbooks/aopa/ft_201611
https://www.nxtbook.com/nxtbooks/aopa/ft_201610
https://www.nxtbook.com/nxtbooks/aopa/ft_201609
https://www.nxtbook.com/nxtbooks/aopa/ft_201608
https://www.nxtbook.com/nxtbooks/aopa/ft_201607
https://www.nxtbook.com/nxtbooks/aopa/ft_201606
https://www.nxtbook.com/nxtbooks/aopa/ft_201605
https://www.nxtbook.com/nxtbooks/aopa/ft_201604
https://www.nxtbook.com/nxtbooks/aopa/ft_201603
https://www.nxtbook.com/nxtbooks/aopa/ft_201602
https://www.nxtbook.com/nxtbooks/aopa/ft_201601
https://www.nxtbook.com/nxtbooks/aopa/ft_201512
https://www.nxtbook.com/nxtbooks/aopa/ft_201511
https://www.nxtbook.com/nxtbooks/aopa/ft_201510
https://www.nxtbook.com/nxtbooks/aopa/ft_201509
https://www.nxtbook.com/nxtbooks/aopa/ft_201508
https://www.nxtbook.com/nxtbooks/aopa/ft_201507
https://www.nxtbook.com/nxtbooks/aopa/ft_201506
https://www.nxtbook.com/nxtbooks/aopa/ft_201505
https://www.nxtbook.com/nxtbooks/aopa/ft_201504
https://www.nxtbook.com/nxtbooks/aopa/ft_201503
https://www.nxtbook.com/nxtbooks/aopa/ft_201502
https://www.nxtbook.com/nxtbooks/aopa/ft_201501
https://www.nxtbook.com/nxtbooks/aopa/ft_201412
https://www.nxtbook.com/nxtbooks/aopa/ft_201411
https://www.nxtbook.com/nxtbooks/aopa/ft_201410
https://www.nxtbook.com/nxtbooks/aopa/ft_201409
https://www.nxtbook.com/nxtbooks/aopa/ft_201408
https://www.nxtbook.com/nxtbooks/aopa/ft_201407
https://www.nxtbook.com/nxtbooks/aopa/ft_201406
https://www.nxtbook.com/nxtbooks/aopa/ft_201405
https://www.nxtbook.com/nxtbooks/aopa/ft_201404
https://www.nxtbook.com/nxtbooks/aopa/ft_201403
https://www.nxtbook.com/nxtbooks/aopa/ft_201402
https://www.nxtbook.com/nxtbooks/aopa/ft_201401
https://www.nxtbook.com/nxtbooks/aopa/ft_201312
https://www.nxtbook.com/nxtbooks/aopa/ft_201311
https://www.nxtbook.com/nxtbooks/aopa/ft_201310
https://www.nxtbook.com/nxtbooks/aopa/ft_201309
https://www.nxtbook.com/nxtbooks/aopa/ft_201308
https://www.nxtbook.com/nxtbooks/aopa/ft_201307
https://www.nxtbook.com/nxtbooks/aopa/ft_201306
https://www.nxtbook.com/nxtbooks/aopa/ft_201305
https://www.nxtbook.com/nxtbooks/aopa/ft_201304
https://www.nxtbook.com/nxtbooks/aopa/ft_201303
https://www.nxtbook.com/nxtbooks/aopa/ft_201302
https://www.nxtbook.com/nxtbooks/aopa/ft_201301
https://www.nxtbook.com/nxtbooks/aopa/ft_201212
https://www.nxtbook.com/nxtbooks/aopa/ft_201211
https://www.nxtbook.com/nxtbooks/aopa/ft_201210
https://www.nxtbook.com/nxtbooks/aopa/ft_201209
https://www.nxtbook.com/nxtbooks/aopa/ft_201208
https://www.nxtbook.com/nxtbooks/aopa/ft_201207
https://www.nxtbook.com/nxtbooks/aopa/ft_201206
https://www.nxtbook.com/nxtbooks/aopa/ft_201205
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https://www.nxtbook.com/nxtbooks/aopa/ft_201203
https://www.nxtbook.com/nxtbooks/aopa/ft_201202
https://www.nxtbook.com/nxtbooks/aopa/ft_201201
https://www.nxtbook.com/nxtbooks/aopa/ft_201112
https://www.nxtbook.com/nxtbooks/aopa/ft_201111
https://www.nxtbook.com/nxtbooks/aopa/ft_201110
https://www.nxtbook.com/nxtbooks/aopa/ft_201109
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