in Events

IATA's WFS to focus on sustainable future

Posted 22 August 2019 · Add Comment

The International Air Transport Association (IATA) announced that the 2019 World Financial Symposium (WFS) will focus on the theme of airlines, IATA and partners working together to shape a sustainable future.

The world’s airlines are expected to report their 10th consecutive annual profit in 2019 but earnings are being squeezed. In June IATA downgraded its outlook to a net profit of $28 billion or just $6.12 per passenger, reduced from an estimated $30 billion in 2018.

“The airline industry is still earning money and we are expecting to deliver a return on invested capital for a record fifth year—but just barely. Rising fuel prices, slowing demand growth, trade wars and geopolitical tensions all are challenging the industry’s fortunes. Airline financial organizations will play a vital role in helping to carry the business through this turbulence. WFS provides a forum for finance professionals across the aviation value chain, to discuss and debate the correct strategies to achieving a sustainable future,” said Aleks Popovich, IATA’s Senior Vice President, Financial and Distribution Services.


Courtesy IATA


The WFS, which will be held in Miami, 25th-26th September 2019, is an annual aviation event tackling global airline financial issues. The opening plenary will feature an address by Anko Van der Werff, CEO of Avianca, on the vision for the future. An invitation-only high impact seminar will examine the top challenges for sustainability with a focus on the environment and why it is now a CFO issue. Concurrent session tracks will look at developments in Payment, and Financial Strategy and Risk, covering topics such as:
• Fraud risk and prevention
• Trade war nationalism impact on the corporate treasury
• Payment strategies to improve the passenger experience
• New card and non-card payment solutions
• Credit risk management
• PSD2 and strong customer authorization: what’s next?
• Cryptocurrency and banks: a new era?
• Countdown to the end of LIBOR

In addition, the Innovation Jam Session will return for a third year and the Meet the Experts session makes its second appearance. As has become a tradition, the Global Fraud Prevention Event will be held just prior to WFS.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Ethiopian launches ‘Feel Addis’ app

Passengers flying Ethiopian with layover between 8 and 24 hours in Addis Ababa are set to have their end-to-end layover experience transformed in a whole new way with the launch of the airline’s digitised transit package dubbed Feel

Benefits from pan-African outlook

African aviation is prone to frequent change, according to AJW group sales director, Hafsah Abdulsalam.

Airbus commences in-flight trials of connected cabin technologies

Airbus has commenced in-flight trials of IoT connected cabin technologies on board an A350-900 Flight Lab aircraft – to be shortly revealed to customers.

Algerians assemble new plant deal with Leonardo

Africa is about to get a new helicopter assembly plant following a deal between Algeria and European manufacturer Leonardo. Alan Dron reports.

Aviation Africa Summit and Exhibition nominated for three awards

Aviation Africa is nominated in three categories for "Best International Event", "Indy Organiser Team of the Year" and "Best Show Feature" - for the Silent Conference.

Vertis adds Falcon 900EX to support growing demand for mid-range charters

Switzerland-headquartered Vertis Aviation has added a Dassault Falcon 900EX to its Vertis Charter Management Programme, VCMP.

AVMENA20 SK1309100620
See us at
AVMENA20 BT1309100620Dubai AS BT2006211119AVAFA20BT2207050320MEBAA BT2006260919