The Challenges And Opportunities Facing The Aviation Sector

Challenges face the aviation industry but its economic fundamentals remain strong, argues Walkers partner Matt Hedigan, in this thought leadership piece originally published in Legal Business' Ireland Report.

In the article, Matt, who has attended and spoken at Airline Economics events New York, London and Singapore in the last few months, explores the current issues, changes over the last 12 months, and the forecast for the months and years ahead.

The commercial aviation sector has proved to be remarkably resilient, having weathered monumental periods of disruption in close succession with the grounding of the Max, and then the worldwide fleet as a result of the pandemic as well as the ongoing Ukrainian conflict. The effects of these crises are still with us, but air traffic numbers have been recovering quicker than many predicted, with airlines struggling to cope with passenger demand over the summer (something readers in Dublin will be all too familiar with).