The Chinese government has reduced domestic jet fuel prices by 4.23% to CNY7,436 ($1,184) per ton as international fuel prices fluctuate. Fuel costs, which account for more than 40% of China’s big three carriers’ total operating expenses, contributed to sharp first-half profit declines for all Chinese airlines. China Southern Airlines, which operates 80% of its flights on domestic routes, could see its fuel costs reduce CNY783.8 million annually. Air China and China Eastern ...

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