Aviation news analysis
50 SKY SHADES - World aviation news

Strategies to Support Sustained Airline Financial Health

Download: Printable PDF Date: 23 Aug 2018 15:22 categories:
Publisher:
Strategies to Support Sustained Airline Financial Health - Airlines publisher
Krista Kuznecova
Aircraft: Airplanes

The International Air Transport Association (IATA) 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.

Specialized 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.

Also, the second annual Global Fraud Prevention Event will take place prior to WFS at the same venue.

Image result for 2018 World Financial Symposium (WFS)



Loading comments for Strategies to Support Sustained Airline Financial Health...


Recommended

10 million flying hours achieved by Rolls-Royce Tay 611-8 engine

The Rolls-Royce Tay 611-8 engine entered service back in 1987. So by now it has achieved an amazing, incredible milestone - 10 million flying hours in nearly 5 million flights! The engine powe...

FAA approval for EASA MRO licence for FAI Technik

The maintenance division of Germany’s FAI Aviation Group, FAI Technik GmbH, received FAA approval for its EASA Part 145 licence. With the certificate in place, the company is fully aut...

Baku welcomes arriving Racing cars of Formula 1 Azerbaijan Grand Prix

Delivery of cargoes for holding Formula 1 Azerbaijan Grand Prix to the Heydar Aliyev International Airport in Baku started. Flights from Shanghai and Bahrain delivered racing cars and equipmen...

New Era of Cargo Management and Customer Engagement with Etihad Cargo Digital Transformation

Etihad Cargo celebrates its position as a market leader in the air cargo digitalization and innovation space six months after migrating to a new technology platform, achieving...