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H.H. Sheikh Ahmed Bin Saeed Al Maktoum H.H. Sheikh Ahmed Bin Saeed Al Maktoum

H.H. Sheikh Ahmed Bin Saeed Al Maktoum, CEO, Emirates

Our [half year] top-line figures were hit hard. “Our [half year] top-line figures

were hit hard by the strong US Dollar against other major currencies.

The currency exchange situation, combined with ongoing regional conflict and weak economic outlook in many parts of the world, dampened the positive impact of lower fuel prices […].

However, we made a calculated decision not to hedge our fuel purchases, which paid off [...].

Emirates also made the decision to pass on savings from the lower fuel prices to our customers by cutting passenger fuel surcharges, and lowering fares across the network.”

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