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Author: Chip Wright (page 2 of 30)

The humble O2 mask

Most passengers—especially frequent travelers—don’t pay much attention to the flight attendant safety briefings. That said, there is actually some good information being passed along, and as a potential professional pilot, it would be wise to start learning some of it yourself.

For instance, how much attention have you paid to the discussion about the oxygen masks falling from the ceiling? You might know that you need to put the mask on during a depressurization situation, but did you pay any attention to the particulars? If not, you should.

The oxygen that you will breathe during a depressurization actually isn’t on the airplane yet. It has to be produced, and guess who does that? You do.

Every jet uses some kind of a pressurization controller to maintain cabin altitude. If the cabin climbs above a certain setting (around 14,000 feet msl), the controller will (should) release the “rubber jungle” into the cabin. If the automatic system fails, the pilots can manually deploy the masks, but first they need feedback from the flight attendants that the masks didn’t fall. If there are a few units that don’t work, the flight attendants can use a tool to pop open the doors of the unit that is right over your seat.

Once the masks are out, there is a catch: Oxygen isn’t generated until you pull the mask toward you. You actually need to give it a little tug, because the hose is attached to a pin that needs to be tripped. When you give that mask a tug, the pin activates a chemical reaction that will then produce the oxygen that you will breathe. This is why you’re told that you should put on your mask first and make sure it’s activated. If the cabin depressurizes at a high altitude, there won’t be much time of useful consciousness, and if you can get your mask working, then you can help a child or someone next to you.

Once the canister is activated, it generates a tremendous amount of heat, so you don’t want to reach up and touch it. It can—and will likely—also produce a bit of a burning or foul odor. You don’t want to mistake that for a possible fire. It is instead a sign that the system is working as advertised. There may also be a bit of dust or smoke, both of which can generally be ignored.

What the flight attendants don’t tell you is this: The canisters only produce enough oxygen for around 12 minutes of breathing, though you may be able to get 15 minutes out of it. Worse, the oxygen is a continuous flow. It doesn’t matter how deeply or slowly you breathe. The good news with that is that if you (or a seatmate) pass out, air is available. The bad news is that if you pull down on two masks at once, you will still only have the 12 minutes of air to use. So, if you are in a row of three seats by yourself, you might have 36 to 45 minutes of air to use if you use them consecutively.

Why so little time? The assumption is that a depressurization at altitude is going to be followed by an immediate and rapid descent to (preferably) 10,000 feet. Since passenger jets are limited to 41,000 feet, the crew would be trying to lose 31,000 feet. In 12 minutes’ time, that works out to around 2,600 feet per minute, which should be very easy to do. Keep in mind that this is a worst-case scenario, because very few full jets can reach FL410.

So, next time you board, pay attention to the safety briefing. There are nuggets of information in there that really can save your life. And in this case, they will also be on a checkride if you are looking to fly professionally.—Chip Wright

Onboard fires

Considering that the two worst things that can happen on a passenger jet are a fire or a structural failure, fire detection and extinguishing are significant parts of airplane design and emergency equipment.

There are fire detection systems in the engine and APU compartments, as well as in the cargo bins and various locations in the cabin (think of the lavs). There are also overheat detectors in the wheel wells, but generally with no extinguishing capability.

There are also extinguishers on board. There is always a fire extinguisher in or near the flight deck for the crew. The cabin is also equipped with multiple extinguishers based on the number of people the plane can seat.

Two types of extinguishers generally are carried on board. The red canister that you might have in your home or see in your place of work or school is one of them, and it is equipped with Halon. Halon is the preferred option if the fire is electrical in nature, and it works by smothering the flame and depriving it of oxygen as quickly as possible. Because it is also compressed gas, it is cold, which helps to cool the temperature quickly around the source of the flame. The risk for the user is that, in a confined area, a chemical extinguisher may displace the oxygen you are breathing.

Water fire extinguishers are less prevalent, but they are only used for what are termed as Class A fires, such as paper or waste. For this reason, you can expect to see a water extinguisher near lavatories and/or galleys. Water might be able to put out a small electrical fire, but it also increases the risk of shock or electrocution, and considering that you might already be dealing with a compromised system, adding more risk to the equation doesn’t make sense.

In the age of rechargeable batteries used in phones, computers and tablets, fire awareness and extinguishing are even more important. There have been a number of onboard fires related to lithium batteries, and at least one cargo plane was lost to such a fire.

These fires burn extremely hot and are difficult, if not impossible, to control. As a result, airlines require that they be handled a certain way, and if a fire breaks out in a cabin because of a faulty battery, it is common to see some kind of thermal containment bag that is used to corral the offending device. The bag usually has a pair of heat-resistant gloves (think of a large oven mitt) that can be used to get the device in the bag. Once it is sealed inside, the hope is that the fire will burn out from a lack of oxygen. If a battery fire can be extinguished, it’s OK to douse it with liquids in order to smother it and get the temperature under control. In fact, it’s critical to keep an eye on the source, since the fire could reignite.

Fires are less of a threat than they used to be, which means when they do happen, they can totally catch everyone off guard. Learn what you can use to extinguish each type of fire, and know where the extinguishers are located and how to use them. Pay attention during training drills, and always be ready to put that training to use.—Chip Wright

Dear FAA

Dear FAA,

I am writing to you from the comfy confines of my pandemic-imposed quarantine-like shutdown, and like many Americans, I have gotten a fair number of things done around my house that needed doing or that I was told needed doing, or that I was told that I wanted to need to do. But I digress.

Doing these things made me realize that there are some housekeeping items that you should have addressed while airlines around the world were basically grounded. In fact, much of general aviation wasn’t flying much either, so you wasted a lot of good opportunity, which is almost as bad as wasting my tax dollars.

In the event that the world shuts down again, please consider using the following as a To Do list:

Clean the runways. Runways everywhere are covered with discarded rubber from tires, and these black patches are slicker than ice when they get wet. Speaking of ice, when that rubber gets snow and ice on it, slick doesn’t even begin to describe what one must deal with. The severe decrease in traffic is a great time to get the rubber cleaning equipment out of the garage and put it to use, so chop chop.

Fix the lights. There are, I’m guessing, millions of lights on and around airports. Runway lights, taxi way lights, approach lights, sign lights, and probably lights I’m not even aware of. Some of them I’m not aware of because they are burned out. I have yet to figure out when lights need to be fixed, but it must be some formula I don’t understand, because some are always (it seems) notam’ed out of service. With fewer airplanes to avoid, this would be a grand time to get all the lights working again. Even the Motel 6 leaves the lights on for people.

Paint! There is no better time than during an aviation-grounding pandemic to whip out some brushes and rollers and start painting taxi lines, runway stripes, lead-in lines, hold-short lines, taxiway markers, spot numbers and anything else that has paint in, on it, or with it. I’m going to cut you some slack on this one, because paint is hard to stay on top of, especially since it needs time to dry. It fades in the sun, gets scraped by plows, runover by vehicles large and small, and pounded by rain and even lightning. But, too many airports have too many lines that are too hard to see, especially at night and in the rain, and this really needs to be fixed, pronto.

This list could keep you busy for a while, so consider this a good starting point, but not necessarily an end point. Pilots everywhere will be grateful and less likely to get lost on one of your aerodromes.

Many thanks, and peace out,
Chip—Chip Wright

Bad overnights

It doesn’t happen often, but once in a while, you have a layover that is just an awful experience. I’ve had a handful in the years since I started doing this.

Most of the time, it comes down to personal comfort. Air conditioning that doesn’t work isn’t all that uncommon, and in the summer, that can make for a long night as you try to sleep and not sweat like you’re camping in the Sahara.

Noise is another common issue, especially around raucous holidays like New Year’s or the Fourth of July. But it’s also an issue with everything from family reunions to weddings to a hotel full of kids in town for a sporting tournament. Loud arguments—or the opposite—in the room next door can also be an issue.

The one thing about noise, though, is the hotel will almost always do whatever they can to contain it or stop it. Crews are generally supposed to be placed in pre-designated places, such as the upper floors or the longest walk from the elevator, all in the hopes of keeping noise down. In my experience, the worst times for noise are when you need to go to bed much earlier than usual because of an early wake-up or a long day coming up. The hotel also knows that if noise is affecting one person, it’s probably affecting others (or will), and they won’t hesitate to call the police if necessary.

I’ve had two memorable experiences with middle-of-the-night fire alarms as well. One was in Raleigh-Durham in the summer, so at least it was comfortable outside. The hotel was one that often had a majority of its rooms used by crews from different airlines, and this was one of those nights. We were outside for well over an hour, from about 2:30 to 3:30 a.m., and all of us were upset. Some of us never got back to sleep. I can’t speak for the other carriers, but ours wound up with a number of fatigue calls that cancelled flights the next day because so many people hadn’t been able to get adequate rest.

The second one was in Buffalo in March, and the NCAA Men’s Basketball tournament was going on. Several of the teams were in the hotel, and the rumor was that the alarm was pulled by a student from another school in hopes of affecting the games. This one also lasted about an hour.

One night that didn’t affect me so much did affect my crew as well as most of the hotel. It was the night of the time change in the spring, and the computer in the hotel that handled the wakeup calls malfunctioned, and phones all throughout the building began ringing in the middle of the night, and then an hour earlier than scheduled. I hadn’t checked my phone (this was in the pre-smart-phone era) before I went to bed, and it was just as well: It had been unplugged by a previous guest. Mine never rang, but when I got downstairs, my crew had been there an hour because they couldn’t sleep, and a dozen other guests were ready to tar and feather the poor guy working the desk. But I was bright-eyed and bushy-tailed.

Most of the time, sleep comes fairly easily, and occasionally you wake up with no idea where you are. But, as with any other job, bad nights are going to happen. It just feels worse when it happens on the road. That said, there’s always the next night’s hotel to catch up on your sleep.—Chip Wright

The smallest airplanes are getting bigger

When I first started to do any kind of regular travel, let alone fly for a living, turboprops were very common. Dash 8s, Brasilias, ATRs, Saab 340s, and the venerable Beech 1900 were ubiquitous in small towns all over America. Some of the flights were part of the Essential Air Service (EAS) program, and they were subsidized by Uncle Sam in order to provide some degree of air and mail service to the various Smallvilles of the USA.

Passengers, however, never did love the “puddle jumpers.” They were loud, they shook, they vibrated, and they were perceived to be less safe. After deregulation, small commuters sprouted and eventually began to work hand-in-glove with the jet drivers to produce the current hub-and-spoke system, while in some cases marketing a few flights on their own.

In the 1990s the concept of the regional jet gained steam, and while pundits and critics said it was doomed to failure—too few seats and too high an operating cost—the RJ revolutionized travel. The days of the turboprop were numbered, and by 9/11, with a spike in fuel prices and change in travel demand, the turboprop was on its last legs. Fifty-seaters dominated, because of comfort and speed, but those same high fuel costs became an issue for the RJs as well, and the real push for larger small jets began.

Nowadays, as we wade through the COVID-19 pandemic, the 50-seaters by Bombardier and Embraer are the airplanes facing demise. Some have been converted into corporate jets or cargo planes, but most are being sent to the desert. The CR7 and CR9 are now the Bombardier mainstays (the verdict is still out on the C-Series, since sold to Airbus and marketed as the A-220), while Embraer is making the most of its E-Jet series. Both have become major players, to the point that Boeing felt it necessary to buy a portion of Embraer and Airbus of Bombardier.

It’s interesting to see how the smallest airplanes have become bigger. Turboprops with 19 seats didn’t require a flight attendant, and they were cheap to operate. But jets offered far more opportunity and a better experience for the passenger at a premium price. The race now is to determine if there is a true market need for something in the 100-seat range, similar to the old DC-9s and early 737s. There doesn’t seem to be a clear consensus, and airlines would rather fill  up an  airplane up and leave folks behind than fly even one empty seat.

(The same thing has also happened on the other end of the spectrum: The A-380 has proved to be a flop, and the 747 is being phased out of passenger service in favor of smaller, lower-cost twinjets like the 777 and 787.)

As the E-190 appears to be near the end of its run in the United States—American announced plans to park theirs, and jetBlue has been planning to do so for some time—the smallest mainline jets will be the 737-700/A-319 variants, which seat 120-137, depending on configuration. The gap between large RJs and small mainline jets will be either a target of opportunity or a bit of a no-man’s land as we move forward.

For pilots, it means that more and more will get their introduction to airline flying in some of the most sophisticated aircraft in the sky, and not in the old steam-gauge turboprops.—Chip Wright

Coronavirus recovery

In 25 years of airline flying, I’ve either been involved in or observed  several full or partial shutdowns of airlines or the industry as a whole.

In 2001, I was employed at Comair for the pilot strike, and the shutdown of the airline was an organized, four-day process as the company moved to get airplanes and crews in position before the pilots would stop flying. A few months later, we were part of the industrywide immediate cessation of operations when the tragic events of September 11, 2001, occurred.

The following year Comair also weathered a scheduling computer system crash over the Christmas holidays that was anything but orderly. In addition, I’ve watched strikes at other airlines take place, and I’ve seen the fallout of employee job actions, failed websites, and the grounding of fleets of airplanes at unexpected times.

All of these events led to the inevitable restart of operations of some sort, and in the case of 9/11, the spool-up was also followed by the near retirement of fleets of airplanes, mostly the venerable 727.

As we work our way through the COVID-19 pandemic, we are witnessing similar events. We can use these to get a bit of an idea of how the industry will begin the return to service. The closest comparable event is 9/11, and that isn’t even all that close in terms of the damage. Every airplane in the United States was grounded, but only for four days. The rest of the world continued to fly, and even though demand was diminished when flights resumed, it was better than it is now.

C-19 has stopped travel around the world. At one point, 16,000 of the world’s 24,000 airliners were parked at airports around the globe. Entire airlines were shut down or announced that they had or planned to go out of business. People stopped buying tickets, and fewer people flew in a month than normally fly on a single day. Flights in April and early May were averaging 10 or so people.

As in 2001, airlines began announcing  plans to eliminate entire fleets of airplanes. In the United States, Delta and American announced retirements of multiple fleets, to include the MD-88/90, A-330, 757, 777 and E-190, with rumors of the B-717 also being put to bed. Eliminating these airframes will reduce costs dramatically with respect to spare parts, fuel, training, and the occasional equipment swap. Carriers in other countries are planning to park the A-380, the world’s largest airplane, and one that never really found a niche.

In the last few days, there have been some signs of optimism. Ticket sales starting in July have begun to show some positive activity, and passengers are showing a bit more tolerance for close-to-the-neighbor seating in order to get where they need to go. United has quietly made plans to bring more than 60 airplanes out of storage for the July schedule, and Southwest is strategically adding flights as well. While all of the airlines have announced plans to emerge in the fall “at least” 30 percent smaller, it’s clear that they will take into account demand for travel as they add flights and try to bring the daily cash burn to at least zero.

As we move into the fall, everyone will be holding their collective breath on two fronts: How many employees might be furloughed, and how severe might a second wave of C-19 turn out to be? Furloughs are on everyone’s mind right now, and most recognize that the airlines will probably have no choice. But if demand continues to rise at a somewhat predictable pace, hopefully any time on the unemployment lines will be short. The larger issue is the unknown of the resurgence of the virus this fall and how people might react to it.

Some travel will be lost for good, and many leisure trips won’t be taken. But business travelers will continue to fly, and the airlines will adapt to the new demands and whatever cleaning procedures will be ongoing. Ticket prices will undoubtedly rise. More airplanes will come out of storage, but not all. An airline or two may fail, victim of too many dollars going out and not enough coming in. But in time, the system will work itself out. It always does.—Chip Wright

Preparing for the post-COVID job market

As the airlines begin to regroup to adapt to the new realities of a COVID-19 world, pilots who are trying to get into the industry must surely be confused and even discouraged, which is perfectly understandable.

But the world still needs airlines, and airlines still need pilots, and low-time pilots still need jobs. There is no sugar-coating the fact that low-time pilots will be delayed in getting that first job and those precious FAR 121 turbine hours. But those opportunities will come.

For now, you need to keep your applications up to date, current, and accurate. You also need to stay in touch with your network and follow up any rumors to cut through to the facts and truth of what is going on. Bad information is acidic, and it won’t do you any good at all. Seek out the truth, and keep your ears to the ground for opportunities and openings.

In the interim, fly as often as you can, and if you’re a CFI, look for any teaching opportunities that might arise. There may not be many, but it may not be as bad as you might think. You can also look for opportunities to take airplanes up for owners just to fly them, and if you can work a deal to get an airplane to fly on the cheap, this would be the time to build some hours and stay current.

What you can’t do is just give up. Even if you have to shift gears into other work for a while, you need to keep your sights on your goals and dreams and continue in the direction you have worked so hard for. The industry has been through upheaval before—nothing like this, to be sure—and it will eventually turn the corner. The strong will survive, and there may even be some new entrants if carriers fail and leave assets to reuse. But people and cargo are going to need to be moved.

Even if you’re outside of the industry, you can work on currency and maintaining a list of good contacts while staying abreast of what is going on. Once the economies around the world get a foothold, the return to growth is likely to be steady, if not quick. Nobody knows when that will happen.

But you do have the choice to be ready versus being left behind.—Chip Wright

Navigating the COVID-19 airline world

I’ve been tooting the horn on progress in the airline industry for several years now, so you can imagine my shock and dismay at the developments in the economy since mid-March.

The C-19 pandemic has obliterated the prospects of a thriving industry that just a few months ago didn’t have enough pilots, airplanes, runways, or cheap fuel. Now, billions of dollars are being lost as the airlines are forced to park hundreds of airplanes, while the ones they are flying are largely empty.

I was asked recently what a day at work looks like now, and in a word, it’s surreal. I haven’t flown in three weeks because my trips have either been cancelled, or I can’t get to work because there are no flights.

When I was last there, the airports were empty. I’ve seen terminals that had more people in them at 3 a.m. than I’m seeing at 3 p.m. There are more employees than passengers. Restaurants are closed or have a limited menu. The retail shops are completely locked up.

You don’t realize how big even the smallest terminals are until you see them completely empty. Miles of security line barriers look silly and out of place now. The TSA personnel are bored to tears. Some flights are so empty that the gate agents don’t even use the PA system to announce boarding. I’ve had as few as 10 people on one of my own flights, and I’ve ridden on flights of multiple carriers that only have one paying passenger on board.

For years, I’ve had to endure periodic memos and initiatives on saving fuel and being on time to minimize clogging up either airspace or taxiways. Saving fuel now consists of carrying an extra 30,000 pounds—up to five hours’ worth—because the fuel farm at the hub has too much fuel and can’t store any more. Never in my career did I see that coming.

When the flights are only carrying a few people, it’s natural to want to push back 20 to 30 minutes early, but we’re being asked not to because of busy gate space. That sounds laughable, but the issue is real. So many airplanes have been grounded that some airports are out of room to store them. Many are stored at the gates, and airlines are minimizing the number of gates they are using. So, being early is still a problem.

Some large hubs are using runways to store airplanes. Right now this isn’t a problem, but it could be. Not only might the runways be needed, but airplanes are so big that if you need to move the one in the middle of a row of twenty, it could literally take all day to rejuggle everything.

As I sit here, the outlook on bookings isn’t good. The airlines that took CARES Act funding have to maintain staffing through the end of September, but based on what we see now, there is likely to be a bloodbath of furloughs come October. It will take some time to work through all of the pilots, since there will be so much training involved.

The feeling is that the flying public needs to regain confidence in travel, and they are looking for one of four things to happen: a treatment, a cure, a vaccine, or herd immunity. None of those are looking great right now, though a vaccine may be closer than we had hoped.

The other piece of this pie is that people need to have something to fly to. The Florida amusement parks are talking about staying closed until 2021, and restaurants will take a while to return to normal, either in capacity or on the menu. Food shortages are possible as well.

This is going to be a challenging recovery. Two airlines—Trans States and Compass, both under the Trans States Holdings umbrella—have gone out of business, as has Jet Suites. Overseas, South African, and Flybe have shut down. Others are likely to follow, and all of the legacy carriers in the United States have acknowledged that they will be substantially smaller come fall. It’s clear that they are now hoping to save the holiday travel seasons. But with billions in debt, soon to be made worse, it’s possible that there will be some more consolidation.

On the positive side, governments at all levels are doing everything they can to help keep the global economy alive. There is a clear goal of trying to let the economy regain some traction in hopes that it restarts relatively smoothly, if not quickly. Only time will tell if that’s going to work.

So what is a prospective pilot to do? Some things are simple: keep applications up to date, making especially sure they are accurate. Stay in touch with your network. Fly when you can, and at least stay legal. If you can provide any aid to those in need with an airplane, do so. And most important, stay healthy. Odds are the airlines are going to offer early retirement packages to senior pilots, and a number of them will jump on the opportunity. That will move things along, especially since retirements are just now picking up.

There will be some “right-sizing” at the regionals as well, and it will bear watching to see exactly how they retool their operations. But there will be room for opportunities for the RJs as well, since they can go to cities with lower demands and help restore a market for their partners. In other cities, they can hold the fort until the majors can bring in larger equipment.

We’ve all heard that we will recover from this, and we will. But it will take time, patience, and fortitude. But a recovery will happen.—Chip Wright

Weathering the C-19 pandemic, part 2

I’ve been flying during the sudden contraction in air travel caused by COVID-19, and the sudden changes have been jarring, to say the least.

I had to leave home as the bottom was falling out, and that meant being prepared for just about any contingency. First, I packed some extra clothes in case I got stuck somewhere. That’s already happened once, and it may happen again.

Second, I’ve tried to keep up with options for getting home if I get stuck somewhere. There are myriad sources a pilot can use to see what flight options might still be on the table if your own airline cuts service or pulls out of a city temporarily. I use Flight View Free, as well as apps for each airline I might use. There are also a few groups on Facebook that airline employees can use to check loads and options.

Third, a number of people began carrying their own food on trips. I did add a few snacks to my bag, but I opted not to take a lot of extra food. Instead, I’ve been using Uber Eats, which has eliminated a lot of delivery fees in order to encourage folks to support local restaurants. Grocery stores are still open, and they are a great option. I’ve also bought food from airport vendors to take with me.

Fourth, my wife and I have been in constant touch, and in a bind she can drive a day to come get me if I can’t get home. On the few occasions that I’ve been too far away for that, we have been tracking rental car availability and pricing. I’ve also reached out to a pilot or two with their own airplanes who may be able to come get me.

This is an unusual time, to say the least, and when you’re at work, there isn’t much you can do but ride it out. In cities where I know people, I’ve reached out to see if I can stay with them if push comes to shove. I know the company will do whatever it can to get me home, but they are overwhelmed right now, and it may well be faster and easier for me to solve my own problems.

I’d like to say that everything always works like a well-oiled machine in times like this, but we all know that isn’t the case. It wasn’t the case after 9/11, and it isn’t now. But with a little forethought and some ingenuity, you can find a way to work around this. And where determination isn’t enough, patience will have to be.—Chip Wright

Weathering the C-19 pandemic, part 1

The COVID-19 pandemic has been a great reminder of how interconnected the world economies are. For airline employees, this has been like reliving the post-9/11, SARS, and the Great Recession all at once.

In 24 years of airline flying, I have never seen anything remotely like this. On my last couple of trips, I flew so few people that if I consolidated all of the passengers on one trip, I’d be lucky to fill one airplane. I certainly wouldn’t need more than two.

Aviation has always been a topsy-turvy industry—one that, until a few years ago, had lost more money than it had ever made. Profits really only became a sure thing after 2012, as the economy rebounded and airlines began to a la carte the pricing model after realizing that they had been giving away the store for decades. In the last few years, employees were able to reap the benefits of this with record amounts of profit-sharing, and for pilots, record levels of compensation after so many years of subpar pay (especially at the regionals).

What we have seen since the end of February has been a gut punch, to say the least. It should also bring home a point that is easy to forget when times are good: Never, ever live at or beyond your means. No matter what you make, especially as a pilot, you should always live some degree below that, and put the difference into the bank or into a debt reduction plan.

There is no telling yet what this will do to jobs across the industry. The stimulus bill will provide a bit of a bridge to get employees through the summer, but two airlines have already shut down (Trans States and Compass, both owned by the same holding company), and as I write this at least one other (Miami Air) has filed for bankruptcy, with speculation about others doing the same. The majors are doing everything they can to avoid any furloughs, but they are all offering early separation packages, which almost always means that furloughs are imminent.

The advice offered here is true for anyone, but some industries are more vulnerable than others, and airlines are among the worst. It’s often said that when the economy gets a cold, the airlines get the flu. That said, here are some suggestions for those new to the industry to consider moving forward:

Create your own safety net. Save as much cash as you can, and not just for a C-19 event. You may need to take a pay cut to further your career or to move. You may get sick or injured. Money in the bank is the first line of defense against any kind of economic uncertainty.

Avoid the captain house. Buy smaller than you might want when the time comes so that the mortgage is always affordable. Pay it off early. Not only will the lack of a mortgage give you great peace of mind, it will also free up some cash flow that you can save, invest, or put toward other debt. When my previous carrier went out of business, I was nearly sick at the thought of losing my house during the recession, when prices were bottoming out and neighbors were filing for bankruptcy or just walking away. I was able to keep my home, and now it is paid for, and the difference in my mindset as a result is night and day.

Eliminate debt. Better yet, avoid it altogether if you can, but if you have student loans or credit card debt, make it a priority to pay them down and pay them off. Don’t borrow for vacations. Pay your car off early and drive it for several years while you pay yourself what you were paying for a car loan so that you can pay cash (or nearly so) for the next car.

Invest in yourself. This is a two-pronged approach. Create a fallback plan to make a living if your lose your job or the industry craters around you. If possible, stay in that line of work part time. A friend of mine is a computer programmer, and his flying income supplements his code-writing, not the other way around. Another pilot became a physician’s assistant during the last downturn and practices on the side. Others have gone to law school. A recent captain I flew with owns several franchises. All of them can live off that other income.

Secondarily, put more money into your 401(k) and IRAs than you think you can afford. Mandatory retirement will be here sooner than you can imagine, and since we are living longer, you need to save for a retirement that might be longer than your working career, especially if you have a medical issue that grounds you.

Finally, hope for the best and prepare for the worst. Be realistic about various scenarios, and be careful with your major life decisions and the money you plan to spend. Make sure that your spouse and family are on board with financial conservatism. In the long run, they will thank you for it, and you will sleep better at night.—Chip Wright

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