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IATA symposium to address post-pandemic resilience
The International Air Transport Association (IATA) announced that the 2022 World Financial Symposium (WFS) will focus on reshaping airline resilience.
The event will take place from19-22 September in Doha, Qatar, with Qatar Airways as host airline.
Following the pandemic, the industry is recovering with industry losses expected to reduce to $9.7 billion this year from nearly $180 billion in 2020-21.
At the same time airline debt levels have soared as carriers borrowed to stay aloft during the crisis.
“Airlines are resilient. Now is the time to build on the hard work and difficult restructurings of the past two years to seize opportunities. Finance will play a vital role in supporting the ongoing recovery,” said Willie Walsh, IATA’s Director General.
Qatar Airways Group Chief Executive, Akbar Al Baker said: “This vital symposium will bring together financial leaders from airlines and our many supply chain partners to discuss and debate the path forward.”
The symposium will address ESG reporting and sustainable finance trends and achieving net zero CO2 by 2050.
WFS will also feature a review of the industry economic outlook and resilience from IATA’s Chief Economist, Marie Owens Thomsen.
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