The Chinese government cut the domestic fuel price 32% to CNY5,050 ($736.49) per ton from CNY7,450, effective last Friday, marking the sixth time this year Beijing has adjusted the domestic price. Because of the way in which fuel prices are managed by the government (ATWOnline, Oct. 7), Chinese airlines have not reaped the immediate benefit of the collapse in oil prices. Fuel expense currently accounts for 40%-50% of Chinese carriers' total operating expenses. China Southern Airlines is ...

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