Subscribe Free
in Business & Finance

Strategies to support sustained airline financial health

Posted 24 August 2018 · Add Comment

The International Air Transport Association (IATA) has announced that the 2018 World Financial Symposium (WFS) will feature a strong focus on partnership strategies to accelerate delivery of transformation supporting sustained airline financial health.

 

2018 will mark the ninth consecutive year of industry profits and the fourth year in which airlines will make an aggregate return exceeding their cost of capital. However, rising costs, particularly fuel, will squeeze earnings, which are expected to slip from $38 billion in 2017 to $33.8 billion in 2018.

“The last few years have demonstrated that aviation is capable of delivering required levels of financial performance. That said, this year we are being truly tested, with fuel prices being up as much as 60% over the past year. Now more than ever, a High-Performing Financial Organization is crucial to align airlines behind financial targets. WFS is the forum for aviation finance professionals to come together to discuss and debate the challenges to achieve sustainable financial health,” said Aleks Popovich, IATA’s Senior Vice President, Financial and Distribution Services.

The WFS will be held in Madrid, Spain, 19-20 September 2018. The opening plenary will include sessions on a Strategic Roadmap in Supporting Sustained Airline Financial Health; How Digital Transformation is Changing the Airline Landscape; and fireside chats with key industry leaders.

Specialised tracks will address:

 

    Transformation in Payment

    Payment Regulation

    Fraud Prevention

    Financial Digital Transformation

    Financial Risk Management

    Future of Cash Management, Investment and Hedging

In addition, the Innovation Jam Session will return for a second year. There will also be a “High Impact Seminar” to which senior executives of airlines and industry partners are invited. This session will highlight a proposed strategic framework for accelerated delivery of innovation via partnership.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Boeing statement on 737 MAX return to service

The Boeing Company has issued a statement regarding the 737 MAX return to service.

Bombardier gets green light for avionics upgrade on Learjet aircraft

Bombardier has announced that the U.S. Federal Aviation Administration (FAA) has certified the latest update to the popular Garmin G5000 avionics suite aboard Learjet aircraft.

Etihad Aviation Training secures European approval to train Boeing 777, 787 pilots

Etihad Aviation Training, the specialist training division of Etihad Aviation Group, has become the first aviation company in the Middle East to gain approval from the European Aviation Safety Agency (EASA) to train Boeing 777 and 787

Gulf Air's 70th celebrations kick off with museum launch

Shoppers at the Bahrain City Centre Shopping Mall are getting the chance to step back in time with the national carrier Gulf Air.

Airbus to add A321 production capabilities in Toulouse

Following its strategy to keep its overall production system at the leading edge of technology and to increase industrial capacity and flexibility, Airbus has decided to create new A321 production capabilities at its site in Toulouse.

DAE signs new US$300 million four-year unsecured term loan

Dubai Aerospace Enterprise (DAE) has signed a US$300 million four-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation.

GAS_SK171219190320
See us at
SaudiAirshow21BT2011180221AVAFA20BT2607050320AVMENA20 BT1309100620AIME BT0801260220Sofex BT2611020420FIL20BT140124720MRO_BT161219260220