China last week raised the domestic fuel price by CNY300 ($43.86) per ton, which is expected to result in a CNY2 billion increase in annual operating costs for the airline industry, according to China Securities Co. aviation analyst Li Lei. Fuel accounts for more than 40% of Chinese carriers' total operating expenses. According to Li's estimate, China Southern Airlines will suffer a CNY760 million profit reduction since 80% of its route network is domestic. China Eastern Airlines' bottom ...

Subscribe to Access this Entire Article

"China raises domestic fuel price" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.