NEW YORK ( TheStreet) -- Emirates President Tim Clark lashed back at the big three U.S. carriers Wednesday, saying their charges that subsidies support Emirates are "tosh" and can be easily dismissed.

"Tosh" is a British word for "nonsense."

A report compiled for American (AAL) - Get Report, Delta (DAL) - Get Report and United (UAL) - Get Report contends that the governments of Qatar, the United Arab Emirates, and Abu Dhabi and Dubai, the two largest emirates, have provided about $39 billion in subsidies to the airlines -- Qatar Airways, the flag carrier of Qatar; and Etihad Airways and Emirates, flag carriers of the UAE.

Clark said Emirates is going to study the report and provide a response. Asked how long that would take, he responded: "It was two years for them to produce it -- give us a bit of time." But he added, "There is so much low hanging fruit in this report -- in terms of response, it could be quite quick."

Among its findings, the report maintained that in 2008 the government of Dubai took over about $4 billion worth of fuel hedges when their value plunged to near zero due to falling oil prices. Asked about that, Clark responded "tosh."

He reiterated that the report contains "a lot of low hanging fruit." He added, "That is one of them.

"The figures were incorrect," he added.

Asked about the frequent charges that Emirates sticks Airbus A380s on routes where they provide more capacity than markets can absorb, such as Dubai-Dallas and Milan-JFK, Clark said, "The same response.

 "The 380s are probably the most successful aircraft in our fleet," he said. "They are hugely profitable, full all of the time." He said the planes fly with load factors in the high 80s (percent) and low 90s and fly on routes where "demand is there for seat capacity."

 Throughout a brief speech and in responses to questions by reporters, the outspoken Clark maintained that Emirates receives no subsidies and that the report on subsidies will be disproved.

"We are not here to try to take down other carriers," he said. "They are hugely profitable carriers operating profitably in this environment. Our job in the airline industry is to try and make sure consumer demands are met."

The U.S. carriers maintain that because the three Gulf carriers are heavily subsidized, they are violating terms of the Open Skies treaties that enable them to fly to the U.S. The carriers are not asking that Open Skies treaties be overturned; they are only asking that the violations be discussed.

Transportation Secretary Anthony Foxx will make the decision on consultations. Asked how he had been received by officials at the U.S. departments of transportation and state, Clark said he had met with them, and the talks were "very constructive."

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.