Emirates to hike fares from Aug 1July 10th, 2008 - 6:15 pm ICT by IANS
Dubai, July 10 (IANS) The United Arab Emirates’ national carrier Emirates airlines will hike fares across all sectors effective Aug 1 because of soaring fuel prices. “The staggering increase in fuel prices has had an inflationary effect on all our operational costs, forcing us to revise our fares accordingly,” an Emirates spokesperson told the Emirates Business 24-7 newspaper.
According to the report, fares will go up by 10 percent for the first class and business class and five percent in the economy class.
Emirates has the highest frequency of operations to India among all international carriers.
With the addition of Kozhikode in Kerala recently, the airline now flies to 10 destinations in India.
The UAE is home to around 1.5 million expatriate Indians.
“Emirates’ fares remain competitive and we will continue to work very hard to shield our customers from major price fluctuations, while delivering a high inflight product and travel experience,” the newspaper quoted the spokesperson as saying.
This will be the second hike in fares by the Dubai-based airline in the span of three months.
Emirates president Tim Clarke had earlier told the newspaper that the airline was better positioned than most global airlines to ride out the impact of high oil prices.
Fuel costs had taken up around 43 percent of the carrier’s operational expenditure this year, a steep rise from 30.6 percent in April last year.