August 25, 2008

Emirates Airline Revises Fares for Middle East, GCC Sectors

Dubai-based Emirates Airline has revised its fares for tickets to over 20 cities in the Middle East and other Gulf Cooperation Council markets to reflect the fall in oil prices, according to Zawya.

The news source said that, overall, fare revisions have been put into effect by Emirates on more than 30 flights, with fares on flights to Cairo, Beirut, Damascus and Amman being reduced by 4%.

Adnan Kazim, Emirates's senior vice president of commercial operations for the Gulf, Middle East and Iran region, as quoted by the news source, said: "Although fuel prices have fallen gradually in recent weeks, it is still some 60% above the average price of $73 per barrel in 2007. High fuel prices continue to be a big challenge for Emirates, and we are monitoring the situation closely."