We are now two months into the COVID19 pandemic and South African lockdown, which has closed down many industries for extended periods, disrupting people’s lives and livelihoods. Salary cuts, unpaid leave and retrenchments have become part of life, and have forced many people to re-evaluate their financial positions.
With tight restrictions on opening up the aviation industry, many airlines are not planning on restarting operations, or only operating very restricted schedules, consequently the prospect of getting back to normal earning capacity is far in the future for many aviation professionals out there.
Now is the time for tightening belts, readjusting budgets, and reviewing financial plans. Here are some tips on saving some money.