CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Hero pilot: Airlines in shambles

Capt. Chesley 'Sully' Sullenberger, the pilot of the unlikely Hudson River landing, says that the airline industry can no longer attract the 'best and the brightest.'

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

When will the economy begin to turn around?
  • Later this year
  • Early next year
  • Late in 2010
  • In 2011 or after

WASHINGTON (CNN) -- Capt. Chesley "Sully" Sullenberger, who has been heralded as a hero for successfully landing a crippled US Airways flight in the Hudson River, told U.S. lawmakers Tuesday that the state of the airline industry is in disarray.

"Americans have experienced huge economic difficulties in recent months, but airline employees have been experiencing those challenges and more for eight years," Sullenberger said. "We've been hit by an economic tsunami, September 11, bankruptcies, fluctuating fuel prices, mergers, loss of pensions, and revolving door management teams who have used airline employees as an ATM."

Sullenberger testified before a House subcommittee along with others involved in last month's emergency landing of Flight 1549 in the Hudson River. All five crew members and 150 passengers survived.

Sullenberger expressed concern that the economic decline has hit the airline industry so hard that "the airline piloting profession will not be able to continue to attract the best and the brightest."

"I do not know a single professional airline pilot who wants his or her children to follow in their footsteps," he said.

"The current experience and skills of our country's professional airline pilots come from investments made years ago when we were able to attract ambitious, talented people who now frequently seek professional careers elsewhere." To top of page

Features
Markets Last Change
Dow Jones 10,184.17 160.75 / 1.60%
Nasdaq 2,145.79 33.35 / 1.58%
S&P 500 1,087.85 18.55 / 1.73%
10-year Bond 101 9/32 Yield: 3.46%
U.S.Dollar 1 euro = $1.499 0.012
November 9, 2009 1:39 PM ET
CompanyPrice% Change
Radioshack Corp 20.14 13.53%
TRW Automotive Holdings Corp 22.98 11.61%
Sprint Nextel Corp 3.14 10.18%
Unisys Corp 33.91 9.42%
Nov 9 1:33pm ET †
More Galleries
What I bought with my $8,000 tax credit These 7 new homeowners stepped up their house-hunting to take advantage of the first-time buyer tax credit. More
Then and now: 'The worst slum in America' Charlotte Street in New York City's South Bronx was once world famous for its blight. Now it's a slice of suburbia in the inner city - complete with Beemers and boats. More
Hope for homeowners Critics thought homeownership would never work in the South Bronx. They were wrong. Tour the one house currently for sale on Charlotte Street. More
Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.