The prophecies keep getting worse: Emirates CEO says oil prices could fall as low as $30

Published December 17th, 2014 - 06:11 GMT

The airline industry is set to reap the benefits of lower oil prices, which could fall to as low as $30-a-barrel, according to the Emirates Airline CEO Sir Tim Clark. ‘I’ve always thought personally it would go down to $30 again, but we’ll see,’ he told CNBC in an exclusive interview.

‘I’ve always said the realistic price for out-of-ground: $70. Should never, ever have been above that.’ That said he reckons recent talk of scrapping the much admired A380 has been ‘taken out of context’.

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