Air Transport World

Chinese carriers.(ASIA/PACIFIC Report)(Brief article)

Chinese carriers were dealt a blow to their bottom lines last month as authorities decided to raise the jet fuel price by CNY720 ($104.83) per ton.

It is the third price hike 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 consideration, which largely has shielded airlines from the soaring international oil prices over the past two years. …

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