NEWS
  Aircraft & Manufacturers
23 OCTOBER, 2017 Boeing and Mitsubishi Heavy Industries (MHI) have entered an agreement that ...
Airbus is yet to commit to a maiden flight date for its A330neo, but both engines have been fitted . ...
26 SEPTEMBER, 2017 Boeing has created a programme office to support the New Mid-market Airplane, ...
  Airlines business
Gulfstream delivered 30 business jets during the third quarter, one more unit than the same period . ...
Hãng hàng không Quốc gia Vietnam Airlines cho biết sẽ khai thác trở lại đường bay Hà Nội - Tuy Hoà . ...
Embraer Executive Jets delivered the first midsize Legacy 500 assembled at its recently expanded ...
 
Fuel
Monday, 18/01/2018, 14:48:21 PM
Chinas airlines hit with domestic fuel price increase
Comment Comment |  Send To E-mail Send To E-mail |  Print Print
Chinas airlines are bracing for a CNY140 ($20.70) per ton increase in domestic fuel costs after the Chinese government announced it is raising its domestic fuel price from CNY5,470 to CNY5,610 per ton.

Industry analysts note that fuel costs account for more than 40% of carriers' total operating expenses on domestic routes. China Southern Airlines, the largest domestic airline, estimates its annual fuel bill will increase by CNY336 million-CNY358.4 million. China Eastern Airlines and Air Chinaare expected to see yearly increases of CNY196 million and CNY217 million respectively.

Last year the government changed its policy of permitting individual carriers to choose the timing and amount of fuel surcharges. It now requires them to base surcharges on directives from authorities in Beijing.

The government stipulates that airlines should link surcharges on domestic routes with domestic fuel costs, meaning they can impose surcharges only when domestic fuel prices rise above CNY4,410 per ton. As a result, there is a low probability the fuel surcharges will change even as domestic fuel prices are raised.

Source: Air Transport World

Comment Comment |  All Comment
Other news [Back]
 EADS demonstrates 100% biofuel-powered flight  (30/06/2010)
 Hedge Funds Cutting Bullish Oil Futures Bets: Energy Markets  (14/06/2010)
 Rising Drilling Costs Mean $90 Crude in 2018: Energy Markets  (28/05/2010)
 Jet-fuel price bounces back  (21/04/2010)
 Airline claims first with gas  (16/10/2009)
 Exxon to Unveil $600 Million Biofuels Spending Today, NYT Says  (15/07/2009)
 Downward pressure on world jet fuel prices, global tourism outlook slashed  (03/07/2009)
 Gazprom clinches Azeri energy deal  (03/07/2009)
 Price of jet fuel jumps 22 percent  (26/06/2009)
 Jet Fuel Price Monitor  (12/06/2009)
 
SERVICES
 VALC News
On 19 Dec 2012, VALC successfully took delivery of the A321-231 aircraft with MSN 5418. This is the ...
Chi tiết
At 17:00 5th September, 2012 local time in Hamburg, Vietnam Aircraft Leasing Company (VALC)   ...
PRESS RELEASE  23-08-2012 11:12am
VALC delivered the first A321-200 to Vietnam Airlines.
Chi tiết
On November 5th, 2011, Vietnam Aircraft Leasing Company (VALC) took delivery of the EC155 B1 ...
 
VALC Valc, leasing, aircraft, plane, airlines, fastmoney, boeing, airbus, việt nam, airlines, viet nam, finance, investment Copyright © 2008 VALC.COM.VN
Back to top
Homepage  |   Contact  |   Make your homepage  |   Introduce VALC  |   RSS  RSS Feeds
Copyright © 2008 VALC.COM.VN. All Rights Reserved. Address: 14th Floor, Tower A Vincom Building, No.191 Ba Trieu Str., Hanoi, Vietnam.