The Chinese government cut the country's domestic aviation fuel prices by 2.1%, from CNY5,610 ($841) per ton to CNY5,490 as of Oct. 1, according to China Aviation Oil Corp. Fuel expenses account for more than 40% of domestic carriers' total operating costs on average. China Southern, which operates 80% of its flights on domestic routes, could see its fuel costs reduced by CNY317 million annually owing to the change. Air China and China Eastern Airlines, which operate 70% of their ...

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