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October 18, 2025Journal of AviationOpen Access

Financial Sustainability of European Air Navigation Service Providers and the Impact of the COVID-19 Pandemic

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OBOrkun Bayram

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Overview

Analysis reveals COVID-19’s significant impact on profitability and liquidity of air navigation service providers, suggesting recovery strategies.

Key Points

  • Profitability and liquidity sharply declined in 2020 due to the COVID-19 pandemic, highlighting financial vulnerabilities.
  • Key financial metrics such as revenue and operating costs were affected, showcasing uneven recovery trajectories.
  • Fixed-effects estimators were employed to analyze financial data from over 30 air navigation service providers from 2017 to 2023.
  • Insights aim to bolster sustainability in aviation finance and inform policy for future disruptions.

Cite This Study

Orkun Bayram (2025) studied this question.

synapsesocial.com/papers/68f396388da44caaba02c74bhttps://doi.org/10.30518/jav.1731086
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