China's government announced that domestic per-ton fuel prices will be lowered by CNY220 ($32.30) with effect from yesterday, a move that is expected to reduce operating expenses significantly for Chinese airlines. Fuel expenses currently account for more than 40% of Chinese carriers' total operating costs. China Southern Airlines should benefit the most, saving as much as CNY560 million, as 80% of its route network is domestic. China Eastern Airlines' bottom line is expected ...

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