Crossword Genius

Fellow pilot -- look out for their place? (7)

Ross

I believe the answer is:

cockpit

I'm a little stuck... Click here to teach me more about this clue!

'place?' is the definition.
(thesaurus)

'fellow pilot look out' is the wordplay.
'fellow' becomes 'cock' (a male bird).
'look' becomes 'lo' (archaic exclamation meaning 'look!').
'out' is a deletion indicator.
'pilot' with 'lo' taken out is 'pit'.
'cock'+'pit'='COCKPIT'

'for their' is the link.
I am not very happy about this link. Some or all of it may belong to another bit of the clue.

Can you help me to learn more?

(Other definitions for cockpit that I've seen before include "flying from here" , "In a plane, the pilot sits in this space" , "Where drivers work" , "Driving seat" , "Place where there was fighting" .)

I've seen this clue in The Telegraph.
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