Russell Childs on business strategy
From CEO Panel Discussion: Session I, Regional Airline Business and Trends, 2022 RAA Leaders Conference · · Regional Airline Association
“We're looking at using some assets to form a charter business; however the pilot requirement will be the exact same at SkyWest — you have to pass the exact same test — it's not cheaper and it's probably going to be more expensive, but it is a unique opportunity because there's tremendous demand in that space.”
On , Russell Childs, Chief Executive Officer, President & Director at SKYWEST INC, spoke about business strategy during CEO Panel Discussion: Session I, Regional Airline Business and Trends, 2022 RAA Leaders Conference on Regional Airline Association.
About Russell Childs
At the 2022 RAA Leaders Conference, Russell Childs, CEO of SkyWest, discussed several challenges facing the regional airline industry. He stated that the primary issue is a shortage of captains, not first officers, and that SkyWest fails hundreds of pilots annually from its training program. Childs argued that the 1,500-hour flight requirement for pilots is misunderstood by lawmakers, as unstructured hours are not equivalent to airline training. He also noted that SkyWest has been forced to wind down service to some communities due to expiring Essential Air Service grants and staffing constraints. Childs said that SkyWest is exploring the formation of a charter business, though it would not lower pilot requirements. He described the financial pressures of rising pay rates and borrowing money to prepare for industry evolution, calling sustainability "a story yet to be written." Childs emphasized that demand for regional flying is high, particularly in small communities, but predicted that without regulatory change, the pilot shortage could last more than ten years, with a return to 2016–2018 staffing levels taking a long time.