Emirates sees oil, dollar 'double whammy', but demand strong | Reuters:
"The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a “double whammy” in terms of their impact on costs but that passenger demand remained strong.
“We have very strong summer bookings at higher prices,” Tim Clark told reporters at an airlines summit in Sydney, adding Emirates [EMIRA.UL] was monitoring those trends for any sign higher ticket prices were hurting demand.
Global airlines body IATA on Monday downgraded its profit forecast for the industry, citing higher oil and labor costs, but also said yields, a proxy for air fares, were expected to rise 3.2 percent this year."
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