Global air sector body outlines plan for World Financial Symposium
The International Air Transport Association (IATA) has announced that the 2019 World Financial Symposium (WFS) will focus on the theme of shaping a sustainable future together: airlines, IATA and partners.
The world's airlines are expected to report their tenth consecutive annual profit in 2019, but earnings are being squeezed.
In June, IATA downgraded its outlook to a net profit of US$28 billion or just $6.12 per passenger, reduced from an estimated $30 billion in 2018.
Aleks Popovich, IATA's Senior Vice President, Financial and Distribution Services, said: "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."
The WFS will be held in Miami, 25-26 September 2019 and will cover topics such as: