China Southern Airlines plans to reduce the pay of all executives, including Chairman Liu Shaoyong, by 10% in an effort to cut its operating expenses by CNY1.3 billion ($190.3 million) by year end. The domestic fuel price has risen to CNY8,720 per ton, nearly four times greater than in 2005. The increase has hit CZ the hardest, as it operates the greatest number of domestic routes. Although the Guangzhou-based carrier raised its fuel surcharges this month, it still expects fuel expenses to ...

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