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Squawks & HeadlinesEmirates Profit Slumps 72% As Fuel Bill Surges

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Emirates Profit Slumps 72% As Fuel Bill Surges

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Emirates Airline, the Arab world’s largest carrier, posted a 72.1 percent slump in net profit in 2011, as its fuel bill surged 44.4 percent to US$ 6.6bn, the Dubai carrier announced on Thursday. (www.arabianbusiness.com) More...


bishops90
Brian Bishop 2
Maybe they should buy their own refinery......just a suggestion.
BlutiG
Alexander Chiker 0
You mean like Delta did recently? They bought one in Philly iirc, for $109 mil: they said they expect to save 400 mil in fuel costs as a result. Time will tell!
THRUSTT
THRUSTT 1
No wonder I can't find that Emirates link to apply anymore...
ltawesome
phil rudd 0
imagine what fuel prices for us would be like if we didnt just give all our food away to the rest of the world like we do now. Start charging $4 per lb for wheat and what what happens.
THRUSTT
THRUSTT 1
Price of gas would be the same, the rich just get richer...
spinpilot
Michael Dean 0
Well said my friend.