Oireachtas Joint and Select Committees

Wednesday, 16 November 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh

Mr. Willie Walsh:

Yes. We have modelled all of this. Our most recent update of the model was done two months ago. We took into account most of these issues, including the ongoing war in Ukraine and the impact this is having, as well as the slowdown in global GDP. However, we still expect global GDP to be positive. We are not expecting a recession. It is a slightly different picture. Ireland is clearly doing well. We are going into a potential recession in Europe with employment at a very high level. It is not like the dynamics we have seen before. There are different dynamics at play.

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