The Chinese government cut domestic jet fuel prices to CNY7,670 ($1,200) per ton, down 1.48% from CNY7,785 in August, because ofthe decline of international fuel prices. This is the first price reduction this year (ATW Daily News, May 27). 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 fallby CNY230 million annually. Air China and China ...

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