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.

 

Other Stories
Advertisement
Latest News

Will Arik Air merge to survive?

Arik Air and Aero Contractors may partner as stakeholders consider a merger with airlines under the management of Asset Management Corporation of Nigeria (AMCON).

When the pilot is just one option

Efforts to allow unmanned aircraft to fly safely in unsegregated airspace have taken a step forward with the aid of South African company S-Plane Automation.

Embraer's 10-Year Market Outlook identifies trends influencing the industry

Embraer has released its newly published 2020 Commercial Market Outlook which examines passenger demand for air travel and new aircraft deliveries over the next 10 years.

Ethiopian and Cainiao launch cold chain air freight for medicines from China

Ethiopian Airlines has partnered with Cainiao Smart Logistics Network to launch a special cold chain air freight for the transportation of temperature-controlled medicines from Shenzhen Airport, China's first medical

Republic of Mali orders an additional Airbus C295

The Ministry of Defence of the Republic of Mali has placed a firm order for an additional Airbus C295 airlifter in the transport configuration.

Kenyans travelling to Dubai arrested over fake Covid-free certificates

Customs offers at Nairobiís Jomo Kenyatta International Airport arrested 21 Kenyans on November 26 travelling to the UAE accusing them of attempting to use fake Covid-free certificates.

AMAC SK2907290121
See us at
Aviation MENA 2021Aviation Africa 2021CONNECT BT0610090421