Browse related articlesEmirates says oil prices to cost $500m
United Arab Emirates: Wednesday, August 20 - 2008 at 13:22
Emirates airline President Tim Clark said rising oil prices will cost the carrier about $500m this year, reported Reuters. Clark said profits this year should rise by about $500m, but the rise in fuel prices will cost the airline more or less the same amount. He also said he sees oil prices falling to between $65 and $85 a barrel around the middle of 2009.In an interview with the newspaper Tim Clark also repeated the company was not interested in ailing Italian carrier Alitalia or in Austrian Airlines
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Jeff Florian, Senior ReporterWednesday, August 20 - 2008 at 13:22 UAE local time (GMT+4)
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