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Emirates to review prices after oil price fall

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Emirates says it is considering lowering fare prices following recent drops in oil prices.


The president of Dubai’s flagship airline is looking at whether to cut the fuel surcharge which is worked into the price of airfare.


The National, an Abu Dhabi-based newspaper, reported Tim Clark as saying failing prices would be a “huge boost” to the airline’s 2014 earnings.


He explained it would offset disruption from runway work at its home airport and a decline in business with Russia.


The airline has been looking at the impact of oil prices since November and is likely to bring out new prices in April, according to Reuters.


Clark, speaking at the World Economic Forum in Davos, said: “The oil price fall has given us the opportunity to review our whole pricing structure.”


Emirates reported a profit of 1.9 billion dirhams (£345 million) in the six months to September 30, with fuel being 38% of Emirates costs in the same period.


Earlier this month, Qatar Airways announced it would reduce its fuel surcharge.

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