Key Topics
The International Association of Airline
Internal Auditors (IAAIA) is a voluntary and non-profit
organization that serves as a platform for Airline Internal
Auditors around the world to exchange information, share
best practices and address current and future challenges.
Since its inception in 1991, this annual conference has
grown to become a key industry event participated by industry
professionals from over 70 member airlines around the world.
Airline Outsourcing
Technology has changed the way passengers book and purchase
their flights. To meet and exceed these new demands,
airlines have to make full use of relevant technology
without incurring a heavy cost in capital and human resource.
Outsourcing is the answer. This two part presentation
addresses the developments of technology and its implications
on the industry.
Simplifying the Business
We are challenging ourselves as an industry to save costs
in the course of our operations. While today’s
consumers expect convenience, they are not willing to
pay for the processes that make it possible. The answer
is in simplifying these processes and making the most
effective use of existing technology. The aim is to improve
customer service whilst saving the annual operating costs.
Rising Fuel Cost and Fuel Hedging
Jet fuel prices have climbed dramatically. And most major
airlines are left so vulnerable that remaining profitable
is a challenge. Fuel is one of the most significant operating
cost for carriers, and the high price is a prime hurdle
to the airline industry. “Fuel hedging” is
the practice of using investments in the commodity’s
future markets to “lock” the fuel price and
hence give airlines a measure of protection against major
fuel price swings. As the saying goes, “There will
always be risk associated with investing.” Would
hedging be able to entirely shield airlines from the
impact of rising fuel costs? Are auditors able to evaluate
the impact and risk of the unpredictable cost pressures
on all of us in the airline industry?
Reputational Risks
An airline’s reputation has become a major concern
as a damaged reputation can have wider implications for
shareholder value and customer relations. With recent scandals
over corporate governance and auditing practice, reputational
risk has become a pressing issue. This session will share
insights into the integrity of an airline fund management
and treasury operations involving critical fund and asset
management transfer processes.
| |
 |
| Hosted by: |
| |
