Emirates debates airfare cut

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According to Reuters, Emirates Airline is reviewing its current fuel surcharge and may pass on savings to customers to reflect recent drops in the global oil price.

The oil price has dropped nearly 60% since its peak in June 2014 and Emirates President Tim Clark said the falling prices would be “a huge boost” to the airline’s 2014 earnings, and should help to offset the disruption experienced from work done on the runway at its home airport and a decline in business with Russia.

Emirates has been studying the impact of lower oil prices since November 2014 and is likely to introduce new prices in April. The new prices will take into account the Emirates fuel surcharge and other factors.

While considering what benefit it can pass on to consumers, Emirates will maintain the margins needed for investment in expansion and to meet profit levels.