Not paying to read that but hard to see how the headline can be true given that the pilot shortage is history. With all the recent issues at Boeing and Pratt & Whitney, the limiting factor for airline growth is now aircraft availability; and that will be true until the next economic downturn hits, at which point it will just be consumer demand. It wouldn't matter if the airlines could hire 1,000,000 pilots since there aren't enough airplanes for them to fly and won't be for at least a few years.
There has been hype about an impending pilot shortage for decades- I once found an article from 1985 warning that there would soon be a shortage of pilots:
Of course, now we can see that these predictions came true eventually. There finally was a pilot shortage from 2021 up until a few months ago, since not only were there a lot of mandatory retirements at that time; but many airline pilots retired early during the Pandemic, and then demand for air travel returned sooner and more completely than expected once the Pandemic was over. Like Halley's Comet, the long-predicted pilot shortage finally appeared, but now with Boeing and P&W's woes it has just as quickly vanished into the outer fringes of the solar system, likely nevermore to return in any of our lifetimes.
Speaking of contracts, now that the job market is once again less pilot-friendly, I actually wonder if any of the airlines might try to demand concessions from their pilots groups.
www.cnbc.com
