We want to thank the more than 400 leaders from all over the global industry who came together in Las Vegas August 29 – September 1, and for again making the IAFS™ the #1 event in aviation!
Beginning with the first China-US Aviation Opportunities Symposium on Saturday, progressing to the pre-Summit Workshops on Sunday, to the closing session on emerging air traffic forecast trends on Tuesday afternoon, the IAFS™ was a rapid-fire event.
It delivered new insights on key subjects from the pilot shortage, to the Middle East airline subsidy controversy, to the imperatives for communities to move beyond air service development and into air service access, to the effects of new fleets on the financial sector, to the future of UAVs.
As with all past Summits, nothing was off the table, and the decision-makers who will shape aviation and air transportation were all at the Summit and on the line with their perspectives.
Airlines from around the world discussed their views of the future. CEOs and executives from JetBlue, Southwest, United, Japan, Air Canada, Spirit, Hainan, Nok/Scoot, American, Korean, ANA, Allegiant, Frontier, Air China, Alaska – to name only a few – talked about the future, its challenges, and its opportunities.
The top global aircraft manufacturers delivered not only descriptions of their products, but more importantly the forecast data and research on the new drivers of air transportation.
Airport & facility issues – challenges facing US airports were tackled in a special session, too. These included issues such as the Uber phenomenon, PFCs, airline volatility and intra-regional cooperation between airports.
Enplanement forecasts, too. The Boyd Group Airports:USA ten-year traffic and trend forecast was presented. It firmly grabbed a number of third-rail subjects, such as the woeful lack of understanding of the US airline industry in FAA forecasts (they say there are 70 regional passenger airlines serving airports across the nation, for example) and the obsolescence of relying on econometric indicators in forecasting future traffic.
As for the pilot shortage, the Airports:USA forecast analyses indicate that while the total number of potentially-reduced enplanements over the next ten years appears to be less than five percent of the otherwise traffic levels, there will be material re-direction of the remaining capacity. “It’s mid-size markets that will bear the brunt. EAS points are non sequiturs in terms of lost traffic numbers.”
It also brought out how programs such as Essential Air Service and Small Community Air Service Grants are desperately in need of revision, as today, they too often distort the market and simply do not work.
Our appreciation goes to all of our sponsors and exhibitors who helped make the event a success..
Our appreciation to Las Vegas, too. We also want to thank the Las Vegas Convention & Visitors Authority and McCarran International Airport for hosting the Summit. In particular, we want to thank Clark County for the Proclamation of August 30 as Boyd Group International Day in recognition of the 20th IAFS™. Pictures and summaries of key discussion sessions will be posted soon.
In the meantime, the opening Forecast Mapping Session, which begins the Summit with bullet-points of what will be covered during the event, is available by Clicking Here.