Emirates to increase fares
Posted: Wed 2 Mar, 2011 5:19 PM
Emirates raised their airfares yesterday as oil market speculation caused fuel costs to increase.
An Emirates spokesperson was quoted in eTurbo News as having said that Emirates had an active fuel risk management programme but, with such market volatility, it was impossible to fully absorb the impact of soaring oil prices.
Airlines in the Middle East have been affected by the political disturbances in Egypt, Yemen and Libya. The Dubai-based airline had cut its flight frequency to Cairo at the time of the protests from 13 flights a week to seven flights a week.
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