Fuel costs push air fares higher for summer



Travellers preparing to fly off for summer holidays will probably be boarding planes with less excess weight in the wallet.

Air fares are increasing along with fuel prices for the peak season, as travel agents say ticket costs are up by between 10 and 15 per cent from last summer.

"For people who take their summer holidays and go back to their home countries, the pricing is something which has an impact," said Tarique Khatri, the senior vice president of business development in the UAE for the travel website Cleartrip.

"But they need to go there, so you end up having a lot of customers who pay a high price."

Economy fares to London for the end of next month are approaching peaks of close to Dh6,000 on Emirates airline, boosted in part by the Olympics.

And Etihad Airways is charging fares starting from Dh8,460 on certain dates for an economy return flight to New York at the end of June.

There is expected to be a surge in travel out of the region next month because of the timing of Ramadan, which is in July.

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WORLD CUP SEMI-FINALS

England v New Zealand

(Saturday, 12pm UAE)

Wales v South Africa

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More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Directors: Carol Mansour and Muna Khalidi

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Europe’s rearming plan
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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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Round 3: February 7-9, Dubai Autodrome – Dubai
 
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Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

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