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Stock impact report

Drone pilots' pay plummets 90% in 'race to the bottom' [Los Angeles Times (CA)]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Drone pilots' pay plummets 90% in 'race to the bottom' Andy Trench made $2,000 a day in 2015 taking sky-high photographs along the East Coast with a drone he made himself. Now that same work fetches about $175. "It's apparent that a lot of this industry is a race to the bottom," said Trench, a Rhode Island entrepreneur who has been operating remote-controlled aircraft for more than a decade. Three years after federal regulators began allowing commercial drone flights, the fever to cash in has turned into a pitched battle for business. Prices for collecting airborne data have plummeted amid a flood of competition equipped with cheap, high-tech aircraft that practically fly themselves. That's adding pressure to drone operators while handing customers new opportunities for affordable drone inspections, pictures and other services. The challenge for providers is to figure out how to make a profit. Companies are rushing to carve out turf in an industry that is being convulsed by fast-paced Show less Read more
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