China Eastern A330-300. By Rob Finlayson The Chinese government has cut domestic jet fuel prices to CNY7,360 ($1,164) per ton, down 3.83% from CNY7,653 per ton in December. This is the first fuel price reduction this year. Fuel costs comprise more than 40% of Chinese carriers’ operating expenses. China Southern Airlines (CZ), which operates 80% of its flights on domestic routes, could see its fuel costs fall by CNY586 million annually. Air China (CA) and China Eastern ...

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