The Chinese government raised domestic jet fuel prices to CNY7,640 ($1,175) per ton, up 11.7% from CNY6,840 per ton in April, despite the decline of international oil prices since May. This is the third price hike this year (ATW Daily News, April 8). 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 its fuel costs increase by CNY2.11 billion annually owing to the ...

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