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China aims to shield airlines from oil cost rises

22-Dec-2009

China’s Finance Ministry raised the import tariff for fuel oil from 1% to 3% for 2010 and jet fuel from 1% to 6%, in a move set to curb imports and rising costs for airlines. [678 words]

Unlock the following content in this report:

Subheadings:

  • Jet kerosene refinery production soars in Sep-2009
  • Airlines increase fuel charge following new fuel surcharge price mechanism
  • Fuel surcharges increases in Dec-2009 on the Mainland and in Hong Kong
  • Decline in jet fuel prices in Nov-2009 for Air China

Graphs and data:

  • Fuel costs as a percentage of total operating costs among Air China, China Eastern and China Southern: 1H2008 to 1H2009
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