Got your point.
Uni Students finish the school, 30 k debt, get a job or not.
Aviation Student finish the school, 100 k debt, get a job or not.
Hold it right there. The risk is much higher for Aviation students. Thus the market offers higher wages to pilots on average.
The aviation industry is one of the least probitable industries in the market. It's kind of a 'cool' industry
. Nature of rivalry is intense and exclusive on price. Very hard to differentiate. Constant flow of new airlines into the game. You can simply lease a plane. All generic technology. You can simply start connection between two cities. Customer is very price-sensitive. Suppliers of aircraft and engines, and airport gates have a lot of bargaining power. They get most of the profit. There are always some substitutes like getting into the train, driving your car, shipping your goods by sea. Finally unionised labour (pilots in particular) can literally shut you down. I admire aviation industry managers.
But
we love to fly.
WWW: do you agree?