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Why under-40s deserted the airline industry, causing global delays

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For months the world has been gripped by airline and airport delays. Now the reason is clear – workers under 40 have deserted the industry. But where did they go?

The airline crisis that has disrupted flights and travel plans of millions around the was caused by a massive staffing crisis.

Airlines have been forced to scrap thousands of flights as airports cancel schedules and ask airlines to cut back on flights.

Now there’s more data about exactly what caused it.

In Europe this summer, the staffing crisis was predominantly caused by younger workers who left the industry during the pandemic, with no plans to return.

Only about a third of the EU’s air transport workers were aged under 40 in the first quarter of the year, which is far lower than the number working before the pandemic.

The numbers who just how serious the task is for airlines to lure back workers to overcome massive delays.

The aviation industry has been caught flat footed this year, as millions return to the skies for so called “holiday revenge”, making up for lost time abroad over the last two years.

Many of the younger workers were employed as cleaners, security and ground handling.

But those hours are also unsociable and often low paid. Meaning workers who left the industry did so for bigger reasons than just the pandemic shutdown.

And now they’ve had time to think about why.

Long delays at airports around the world.

Hiring the air-side roles is made harder by requirements for extensive training and security checks which take time, so candidates end up looking for easier work elsewhere.

“Fundamental changes in the business model have to occur for aviation to remain a competitive career option,” said David Huttner at PA Consulting Group Ltd.

“The industry has always been susceptible to staffing issues within key skill sets, but not at this level.”

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Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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