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What happened to the airline industry?

I am a certified private pilot finishing up my instrument rating at a part 141 flight school. By the end of all of my training it is going to cost me $40,000 and in return when I get hired by a regional they will only pay me $20,000 at most. I remember piloting used to be a highly respected job, and personally I think it should still be. But airline pilots are being furloughed, getting treated like crap by management, the FAA, Air Traffic controllers, etc. Now being a pilot is my dream job, but there are so many contributing factors that seems to take the joy out of an airline job. Any pilots out there or any one in the industry that can give me some feedback please?

Asked By: - 10/30/2009
Best Answer - Chosen by Asker
I can tell you what happened first hand, son. I was there!....right in the middle of it!..........The Airline Deregulation Act of 1978!....that's what happened... More
Answered By: pilota300b4 - 10/31/2009
Additional Answers (9)
Two things. With the crappy economy people are flying less. Airlines are reducing the size of their fleets and number of flights. It is more cost effective to fly a full plane than a half empty one... More
Answered By: Mad Jack - 10/30/2009
 
The industry as a whole has taken some serious "hits". 9/11 and most recently the economy have taken a hefty toll on the number of jobs and their pay levels. Ths position is still respectable but you can't expect to jump in at a high pay rate. Get some hours and then shop around for something better. You are also... More
Source(s):
Answered By: Otto - 10/30/2009
 
The industry has been going downhill since the early 60s. The Rickenbackers, Trippes, et al were strong leaders who took care of their "baby". After they retired the bean counters got into it and ruined it... More
Answered By: Warbird Pilot - 10/30/2009
 
What everyone else said plus... Starting pilot jobs have always been very low pay.
Answered By: WRG - 10/30/2009
 
Starting pay at regional airlines has always been horrible. The current state of the airline industry has nothing to do with that... More
Source(s):
Answered By: Rob G - 10/30/2009
 
What happened is that the people running airlines today are only interested in money, not in aviation... More
Answered By: Techwing - 10/30/2009
 
Blame it on the cheap ass passengers who don't want to pay full price or extra fees!!!!!
Answered By: Kevin - 10/30/2009
 
First off considering your cost of education, you're still ahead of folks who've plunked out a few hundred thousand for their education only to find they'll get only about 30,000 to 50,000, not all but most... More
Answered By: Caretaker - 10/31/2009
 
"What happened to the airline industry... More
Answered By: JetMech - 11/1/2009
 
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