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The Bureau of Labor Statistics, BLS, reports that airline pilots earned an average of $118,070 per year in 2011. The majority were employed by the scheduled air transportation industry and averaged $119,180 per year.
However, the real reason for the sudden shortage of pilot labor is the low wage scales at regional airlines. The average starting co-pilot salary in the regional industry is $22,400, according to the Air Line Pilots Association union. That's a very meager salary for a skilled profession.