Chinese carrier bump up fuel surcharges

Victoria
By Victoria September 6, 2012 10:51

Chinese carrier bump up fuel surcharges

Chinese carriers have all increased fuel surcharges on their domestic routes. Routes below 800 km incur a 70 yuan surcharge, up from 50 yuan. Longer routes exceeding 800 km increased from 100 yuan to 130 yuan. Similar increased for international routes were announced over the weekend.
As the price of jet fuel continues to soar, profits at Chinese airlines have fallen off dramatically. Air China posted a 73.87% drop in its first-half profit, while China Southern Airlines reported an 83.7% decline in its first-half profit after its fuel bill rose by 26.6%.

Victoria
By Victoria September 6, 2012 10:51
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