I just don’t believe aviation is a shrinking industry the same way as Kodak or Car plants. Even with climate thoughts, the world is shrinking and global travel is key on everyone’s expenditure plans each year. Being a wet island nation I don’t believe the return of the U.K. holiday will be making a long term comeback.
the only thing stopping aviation being viable is government restrictions. Just like the wedding events industry. Granted maybe they will be a cut back in business travel for a period, but even that will return. The struggle for BA et al will be their business offering. If they can make it more appealing to the holiday market maybe they can make it work still.