Emirates cuts fares on oil price drops
23.09.08
Emirates is bucking the turbulence sweeping the aviation sector by reducing fares by up to 20 percent, the Echo reports. The Dubai-based carrier, which flies from Newcastle Airport, said it is cutting fares due to a reduction in oil prices. It is believed to be the first airline to introduce such a measure, particularly to longhaul destinations. However, with oil prices making a record one day gain yesterday, the price reduction could quickly be reversed.
Emirates is cutting up to 20 percent off flights to destinations in Australasia, South Africa, China and the Far East, all of which are accessed by North-East tourist and business travellers using Dubai as a stop-off point. The airline started flying from the North-East on September 1 last year, and has clocked up record breaking passenger and cargo levels since. It recently told the Echo that, due to its popularity, it is looking at upgrading the type of aircraft used on the route to Dubai to a Boeing 777, adding the capacity for 50 extra passengers per flight.
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