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FINANCIAL NEWS
Rising oil prices cause Emirates to raise fees
03 Mar 2011
(MENAFN) A spokesperson for Emirates airline said that the company raised charges as a result of increasing oil prices, reported Gulf News.
Concerns about increasing oil prices and oil supply are causing carriers to raise fares. Different companies including Etihad Airways are considering an increase in fares and surcharges.
The spokesperson added that carriers have to balance the jump in fuel prices with improved revenues, or there would be a rise in air fares, fuel surcharges as well as in baggage fees.
IATA stated that airline industry fuel bill is expected to rise by USD10 billion to USD166 billion in 2011.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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