The Chinese government has raised domestic jet fuel prices 1.43% to CNY6,820 ($1,079) per ton as international fuel prices stabilize.
The Chinese government has raised domestic jet fuel prices 1.43% to CNY6,820 ($1,079) per ton as international fuel prices stabilize. Beijing has adjusted domestic jet fuel prices every month as costs fluctuate. Last month Beijing cut domestic fuel prices 9% to CNY6,724 per ton (ATW Daily News, July 3). Fuel costs account for more than 40% of China’s big three carriers’ total operating expenses. China Southern Airlines, which operates 80% of its flights on domestic routes, ...
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