The Chinese government has cut domestic jet fuel prices by 9% to CNY 6,724 ($1,064) per ton as international fuel prices keep falling. This is the fourth time the Chinese government has reduced domestic jet fuel prices—now 12% lower than the year-ago period—this year (ATW Daily News, June 4). Fuel costs account for more than 40% of China’s big three carriers’ total operating expenses, so the reduction may give some relief to them. China Southern Airlines, which ...

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