Emirates considering airfare cuts in light of cheaper oil

Dubai

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 per cent 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.