Abusive passengers force airline workers to quit

Published

2 years ago

August 3, 2022

Ahron Young

It’s become almost impossible for the airline industry to find new workers, and many are quitting because of abuse from passengers.

Almost immediately as the pandemic hit, airline travel came to a global standstill.

Close to 20 airlines shut down operations or declared bankruptcy.

Labor shortage reached an all-time high, with airlines laying off thousands of employees.

Many others, including pilots, quit due to job insecurity and fear of the pandemic.

Now travel is back with a vengeance, but the industry simply can’t cope.

It’s not just supply and demand. The global aviation industry is in big trouble, teetering on the brink, with high fuel costs and ongoing uncertainty.

So what are the major challenges facing the aviation industry? And what can be done to fix them.

Here are the six major problems:

#1 Lesser available airlines

#2 Labor shortage

#3 Issues in processing times

#4 Low international air travel

#5 Change in airport traffic

#6 Impact on airport revenues

U.S. Federal Reserve announce rate cut, show great confidence in economy

Published

2 days ago

September 19, 2024

ticker NEWS

The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

Money

Markets brace for potential 50-point fed rate cut

Published

4 days ago

September 17, 2024

ticker NEWS

Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

Money

Bitcoin’s Q4 outlook: key factors and upcoming milestones

Published

5 days ago

September 16, 2024

ticker NEWS

Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner