Emirates raises fuel surcharge

admin
By admin July 2, 2014 14:41

Emirates raises fuel surcharge

Emirates has increased its fuel surcharge with effect from July 1st.

The airline blames the recent spike in oil prices due to unrest in the Middle East.

In a statement, Emirates said: “Due to the current volatility of oil prices, Emirates is amending its fuel surcharge, effective July 1, 2014. This is to reflect the substantial recent increases in our fuel costs. Emirates has already incurred significant costs by absorbing the recent price rise and the surcharge gives us the ability to respond faster to market conditions, rather than a lengthier process of incorporating them into fares.”

Emirates have not disclosed the level of the surcharge.

IATA stated last month that it expects airlines to spend $212bn on fuel this year, which is equivalent to 30% of their total operating cost.

admin
By admin July 2, 2014 14:41
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