The 2017 World Financial Symposium (WFS) will focus on accelerating industry initiatives—such as implementing Smarter Regulation processes and driving innovation—to sustain airlines’ financial health, IATA has announced.
The event will be held in Dublin on 25-28 September and takes place against a backdrop of solid financial performance for the industry.
WFS provides an opportunity to understand the challenges to achieving sustainable financial health over the longer term
The airlines industry is forecast to make $31.4 billion profit on revenues of $743 billion this year.
However, profitability is down compared to 2016 (when it was $35.6 billion), with rising fuel, labor, and maintenance costs squeezing earnings.
“The WFS provides an opportunity to understand the challenges to achieving sustainable financial health over the longer term,” said Aleks Popovich, IATA’s Senior Vice President, Financial and Distribution Services.
“It is also the forum to identify ways to accelerate activities supporting our goals.”
These goals include implementing Smarter Regulation processes, rebalancing the value chain, supporting innovation and improving efficiencies, and creating high performing financial organizations.
Specialized sessions at the WFS will address:
Total cost of distribution
Trends in risk management