Chinese government cut the domestic fuel price by CNY10 ($1.46) per ton to CNY5,200. It is the second adjustment this year following a CNY20 per ton increase on Jan. 1. Beijing makes a decision on the fuel price each quarter. Fuel currently accounts for 40%-50% of Chinese carriers' total operating expenses. China Southern Airlines is expected to benefit most from the new cut as it operates the largest number of domestic routes, comprising 80% of its total. CZ will save about CNY25.5 million ...

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