In this episode of The Wealthy Pilots Podcast, Marc and Scott dive into the current state of the airline industry and chat about both the challenges and successes some airlines are facing. From record travel numbers to struggling airlines like JetBlue and Spirit, they discuss how rising fuel costs and labor issues are affecting profitability.
With larger airlines doing well, smaller regional carriers are left to fight for better contracts and compensation. Whether you’re dealing with furloughs or enjoying high earnings, Scott shares valuable insights on how to plan for both the good and the bad times ahead.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:00 – Contributing factors
3:01 – The trends of larger carriers vs smaller carriers
5:30 – You need a plan for if/when things go wrong
6:52 – An example of good planning
Resources:
Schedule A Call with Scott: http://callosborn.com/
Scott's Book, A Pilot's Guide To Maximizing Wealth & Cashflow In Retirement: https://amzn.to/3xSn1ii
The Pilot's Planner Website: https://thepilotsplanner.com/
Watch the podcast on YouTube! https://www.youtube.com/@ThePilotsPlanner
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