Chinese carriers at Beijing International. By Rob Finlayson The Chinese government cut domestic jet fuel prices to CNY7,503 ($1,174) per ton, down 2.2% from CNY7,670 in September, the second price reduction this year (ATW Daily News, Sept. 9). Fuel costs comprise more than 40% of Chinese carriers’ operating expenses. China Southern Airlines, which operates 80% of its flights on domestic routes, could see fuel costs reduced by CNY440.5 million annually because of the ...

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