I am glad to hear that fares are falling (dependent on sector and season of course!) with the lower oil prices …. however if you had been tracking the fuel surcharge (carrier imposed charges) on a ticket LHR-DXB-LHR you will note that the charge is £196. This figure is unchanged from this time last year in spite of the crashing oil price….
Methinks that the Emirates fuel hedging went badly wrong or Sir Tim is using this to maintain his margin on tickets !!