GENEVA: The International Air Transport Association (IATA) announced that the 2017 World Financial Symposium (WFS) will focus on sustaining airlines’ financial health and speeding delivery of industry initiatives to support this goal.
Aleks Popovich, Senior Vice President, Financial and Distribution Services, IATA said, “2017 will be another year of solid financial performance for the airline industry. It will also mark the third year in a row in which airlines will make an aggregate return in excess of their cost of capital. However, rising fuel, labor, and maintenance costs are squeezing earnings. Compared to 2016, profitability will dip.”
“The last few years have demonstrated that aviation is capable of delivering required levels of financial performance. WFS provides an opportunity to understand the challenges to achieving sustainable financial health over the longer term.”
“It is also the forum to identify ways to accelerate activities supporting our goals of Smarter Regulation; Rebalancing the Value Chain; Innovation and Efficient Processes and Creating High Performing Financial Organizations,” said Aleks Popovich.
The WFS will be held in Dublin, Ireland, September 27-28. Specialised session tracks will address: Total cost of distribution; Trends in risk management; IFRS 16; Digital finance; Payment strategies; Blocked funds; FinTech; and Streamlining operations.