Industry insiders believe that the jet fuel surcharge is the key factor determining whether China’s airline industry can perform better than expected this year. Normally, when the price of jet fuel reaches RMB5,000 a ton, a fuel surcharge is levied.
In the first half of the year, the passenger volume on China’s domestic flights increased by over 20% to rank first in the world. China Southern Airlines, China Eastern Airlines and Hainan Airlines turned losses into gains during the same period.
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