Interesting:
"We'll have to raise fares and strip costs to compensate," Tim Clark told Dow Jones in an interview. He did not elaborate which fares the airline might raise and by how much.
Clark said that fuel now accounts for 30 per cent of Emirates' costs, up from about 14 per cent in 2004. Clark also said the airline is considering cost savings of "at least $100 million in the coming financial year and higher ticket prices".
I wonder if increasing productivity would help saving the 100M$?
I think we're up for a disapointing surprise, at pay review, maybe?
What about credits, maximum hours, overtime threshold??????