Aircraft fuel 'hugely overpriced', says Emirates airline's Tim Clark

Airline fuel should be priced at US$52 per barrel, according to the president of Emirates. Tim Clark said that he believes that air fuel is “hugely overpriced.” “If you are at $77 or $83 dollars [per barrel] it should be $52. That’s where it needs to be,” he said. “Those people, those countries, those entities that say they can’t make money on $52, they need to be doing something else.” Additionally, Clark said fuel is “capped out” and unlikely to rise in price going forward. “The forward curve is flat,” he said. “There’s a certain amount of flakiness going forward that fuel will rise above where it is today. That’s my view.” According to Clark, fuel prices at Emirates are now approximately 44% higher than they were during the same time period in 2017. <br/>