Airline Pilots Shift Amidst Slowing Freight Demand
TL;DR Summary
FedEx, facing a decline in air cargo demand, is encouraging its pilots to apply for a job with PSA Airlines, a regional carrier unit of American Airlines. The move comes as air cargo demand has slowed significantly, leading to overstaffing at FedEx. Interested FedEx pilots are eligible for an expedited interview process and sign-on bonuses. The decline in air cargo demand is attributed to a plunge in ocean freight rates and the resumption of travel post-pandemic, allowing passenger flights to carry cargo. Meanwhile, US passenger airlines are experiencing a pilot shortage.
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