Emirates debates airfare cut on lower oil prices – report

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By AHMED JADALLAH  uk.reuters.com

(Reuters) – Dubai’s flagship airline, Emirates, is studying whether to cut the fuel surcharge it passes on to customers to reflect recent drops in oil prices, its president said in The National, an Abu Dhabi-based newspaper.

Tim Clark also said the falling prices — oil is now about 60 percent cheaper than it was at its June peak — would be “a huge boost” to the airline’s 2014 earnings. That should offset disruption from runway work at its home airport and a decline in business with Russia, he said.

Emirates has been studying the impact of lower oil prices since November and is likely to introduce new prices in April. The new prices will take into account the Emirates fuel surcharge and other factors. More info