The Chinese government has raised domestic jet fuel prices to CNY7,655 ($1,206) per ton, up 5.17% from CNY7,279 per ton in November, citing rising international fuel prices triggered by political instability in the Middle East. This is the first fuel price increase since September (ATW Daily News, Nov. 14). Fuel costs comprise more than 40% of Chinese carriers’ expenses. China Southern Airlines (CZ), which operates 80% of its flights on domestic routes, could see its fuel costs ...

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