皇冠体育app

Airlines to raise fares to counter fuel costs
By Cao Zhe (皇冠体育app Daily)
Updated: 2005-07-27 06:03

Jet fuel prices have been rising from 3,400 yuan (US$410) per ton early last year to its current 4,620 yuan (US$558) per ton.

The three major airlines Air 皇冠体育app, 皇冠体育app Eastern Airlines and 皇冠体育app Southern Airlines made a joint appeal to the CAAC in May to allow them to collect a fuel surcharge.

A 1 per cent increase in jet fuel prices means a 42.45-million-yuan (US$5.23 million) rise in the company's yearly transport costs, Luo Dewei, financial director of Shanghai-based 皇冠体育app Eastern Airlines, was quoted by the Xinhua News Agency as saying.

Air 皇冠体育app and Hainan Airlines hailed the policy change as "good news." Airlines are also under pressure as jet fuel is controlled by a monopoly the Civil Aviation Oil Corporation of 皇冠体育app.

Close

Submarine drill in East 皇冠体育app Sea 6-party talks start in Beijing Surgery on tiger to remove tumor

Today's Top News     Top 皇冠体育app News
Positive signs on first day of nuke talks in Beijing         Further appreciation of renminbi denied         Shuttle Discovery blasts into orbit         No drug for disease as death toll hits 24         Nuclear industry to seek foreign help         2,500 evacuated after quake kills one	Further appreciation of renminbi denied       Nuclear industry to seek foreign help       Strong RMB to have mixed effect on oil       A Chinese Jew's tale of adversity and triumph       Hydropower mania poses challenges       2,500 evacuated after quake kills one