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Old 20th Feb 2016, 10:34
  #69 (permalink)  
lospilotos
 
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All sources indicate a ~40% drop in jet fuel prices compared to last year, averaged over the year. From the 2014-15 annual report the fuel bill was 28,7 billion AED, that (should) equate into a 14,35 billion saving on fuel alone.

If one looks at the fuel price for the first six months of the financial year the price drop was approx 33%, with the second half to date shows approx 47% drop, compared to the full 2014-15 year.

So, if the half year result was barely on track, the second half should show a substantial improvement, at least if all other factors stay the same....

If there is not a record profit with record profit share, there is something seriously wrong...
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