Meconium aspiration syndrome (MAS) is a respiratory condition in newborns caused by inhaling meconium, which can occur during delivery or in utero. Key risk factors include maternal complications, fetal distress, and inadequate clearing of the meconium from the airway. Management involves careful monitoring, immediate suctioning of the airway, and supportive therapies, as MAS can lead to significant complications, with a mortality rate of approximately 5%.