Chinese carriers were dealt another blow to their bottom lines this month as authorities decided to raise the jet fuel price by CNY720 ($104.83) per ton. Air China Board Secretary Huang Bin confirmed to ATWOnline yesterday that the increase took effect on July 1. It is the third time fuel prices have gone up this year following a CNY210 per ton increase in the first quarter and a CNY1,500 hike on June 20. China's quarterly adjustment of jet fuel prices traditionally takes import costs into ...

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