In Focus

Aviation career and finance imperatives

Staying on track financially during the pandemic

The wave of stand-downs, redundancies and early retirements continues to be challenging, emotionally and financially, during this pandemic. Australians working in aviation domestically and globally are in the top tier of those experiencing job loss. The Air Transport Action Group, a Geneva-based coalition of aviation organisations, predicts the collapse caused by COVID could wipe out 46 million jobs worldwide.

Global economy aside, personal finances during 2020 is the leading source of stress among Australians: research by the University of Melbourne indicates that currently 25 per cent of Australians are financially stressed “in terms of paying for essential goods and services”.

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