Emirates feeling strong dollar pinch
Emirates is feeling the pinch of the strong dollar despite the reprieve from lower fuels costs, shaikh Ahmad Bin Saeed Al Maktoum, chairman and CE of Emirates airline and Group, said Wednesday. “We have currency issues,” he said. Emirates is exposed to every major market and currency with flights to over 240 international destinations South America to Europe. Shaikh Ahmad warned the strong dollar could impact the airlines income this financial year, which for the airline ends next month March 31. “We are a dollar-based company and a lot of our revenue is in different currency,” he said. Asked if the airline was hurting from a strong dollar, Shaikh Ahmad said “yes.” The dollar railed against major currencies in 2015 with the index 6% stronger today than it was in mid-May last year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-04/unaligned/emirates-feeling-strong-dollar-pinch
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Emirates feeling strong dollar pinch
Emirates is feeling the pinch of the strong dollar despite the reprieve from lower fuels costs, shaikh Ahmad Bin Saeed Al Maktoum, chairman and CE of Emirates airline and Group, said Wednesday. “We have currency issues,” he said. Emirates is exposed to every major market and currency with flights to over 240 international destinations South America to Europe. Shaikh Ahmad warned the strong dollar could impact the airlines income this financial year, which for the airline ends next month March 31. “We are a dollar-based company and a lot of our revenue is in different currency,” he said. Asked if the airline was hurting from a strong dollar, Shaikh Ahmad said “yes.” The dollar railed against major currencies in 2015 with the index 6% stronger today than it was in mid-May last year. <br/>
