This post is just becoming an argument between those who went to uni and those who did not. There are good and bad points for each side. Uni does help but it is not the only way. The main thing about uni is learn the importance of networking and how to handle large amounts of work within tight deadlines and you learn to socialise... but you can learn these without going to univerity so why are all you guys arguing.
I dont know much about airlines but I assume they want responsible people to pilot their aircraft and as long as you can prove that you should be able to get through. However I believe nowadays they are looking for some sort of degree.
Another option is to leave school and work in undustry for 3 years and than go to uni and get a masters degree in your relevant industry field. That will save you getting into debt and most unis will enroll you on a masters if you have 2- 3 years relevant work experience.
So if you worked in the city you could sit a masters in business and finance. You need to average only 50% in a Masters degrees to graduate and with all the money you saved you should be able to afford the fees!!
Oh and to the person who claims they were a market maker in the city... Have you seen the recruitment process for the city?? If you have not got a degree you cant get in ... period! And that is just for graduate roles!!
Maybe in your day you could just stroll in to jobs in the city but these days things have changed. Try getting a city job without a degree now?? Your better have some serious contacts!!!