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Friday, 21 April 2017

Emirates made the right move, will help save costs | GulfNews.com

Emirates made the right move, will help save costs | GulfNews.com:

"Emirates’ decision to cut down on its US flights is being viewed by aviation industry experts as the right move, and one which will result in saving costs for the airline. “I think it is the right move to save costs. They [Emirates] need to better match capacity and demand. So while it hurts revenue a bit, it does far more by cutting costs, and in the end they end up losing much less,” says Addison Schonland, Partner at US-based AirInsight. Emirates made a commercial decision on Wednesday of reducing its flights to five of the 12 US cities it currently operates services to in the wake of the electronics ban and travel restrictions imposed by the Trump administration. The move has resulted in airline experiencing a drop in demand on the route."



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Oil dips, on course for biggest weekly drop in a month | Reuters

Oil dips, on course for biggest weekly drop in a month | Reuters:

"Oil prices edged lower on Friday, on course for the biggest weekly drop in a month, over doubts that an OPEC-led production cut will restore balance to an oversupplied market.

Front-month Brent futures LCOc1 were at $52.87 a barrel at 0820 GMT (4:20 a.m. ET), down 12 cents from their last close and set for a 5.4 percent weekly drop, the most since the week of March 10.

Front-month U.S. crude futures CLc1, which rolled over on Friday, were at $50.61 a barrel, down 10 cents and on course for a 4.8 percent weekly decline, also the most since March 10."



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