In 2016, the IATA Financial Committee (now Industry Financial Advisory Council) identified that becoming a High Performing Finance Organization (HIPO) is key to airlines achieving sustained financial health.
The HIPO Program, launched in 2018, consists of 4 streams and supports participating airlines in their journey to become High Performing Finance Organizations. Current activities include the Finance Academy, the and the Airline Finance Internship Program.
The Finance function plays an integral role in fostering financial health within the airline. For Finance to be able to assume this critical role, it needs to embark on a journey that will take it from transactional management to value management. This will be realized through business partnering, decision support, enterprise risk management and other activities. The HIPO program aims to help airlines effectively attract, develop and retain talent, and to build an industry community that fosters dialogue – thus equipping the Airline Finance function for its augmented role.
Learn more in the IATA Financial Committee’s White Paper (pdf) and in the following tabs.
In a highly competitive environment and rapidly evolving job market, just like other organizations, airlines must actively seek their future financial leaders. Internships are an excellent way to connect young talent with exciting career opportunities.
IATA encourages member airlines to cooperate with universities around the world to offer airline finance internships, and to attract students and young graduates to the many job profiles in airline finance. By connecting the brightest minds to the aviation industry and showing them the potential they possess, more young talents will be empowered to become the leaders of airlines tomorrow.
What are the benefits?
- Airlines raise the profile of their finance functions and attract talent with best in class finance and management practices who may not otherwise have considered them as potential employers. Relationships with academia provide opportunities for further collaboration and research.
- Interns apply their academic knowledge in a workplace setting, gain valuable work experience and learn about the aviation industry.
- Universities get facilitated access to potential employers for their students and graduates, and establish corporate relationships.
Airline Finance professionals are expected to become strategic business partners and engage in higher value-adding activities. They need to understand and leverage technology to enhance the customer experience, improve efficiency, reduce cost and increase revenue.
The IATA Finance Academy offers a range of managerial and technical courses, developed by the industry, for the industry, to equip professionals with the required skillset to take on today’s and tomorrow’s challenges.
Learn more about and register now to the IATA Finance Academy.
The is an extension of IATA’s annual World Financial Symposium. It aims to reach an extended audience to foster dialogue, exchange and collaboration on industry topics to deliver innovation with speed and contribute to the accelerated delivery of industry projects.
The is a space for Airline Finance Professionals from all over the world to connect, engage and learn. Topics focus on the future airline finance function, what airline finance can do to attract, develop and retain talent, and how it can become high performing.
Join IATA's now to share ideas, discuss industry challenges and learn about best practices for aviation financial management.
Watch now the recording of the first HIPO webinar "Gateway to Finance Transformation: Your Talent":