Mar 5 - Domestic Jet Fuel Prices Hiked up CNY 260 per Ton

Source: China Business News, ChinaScope Financial (Data)

+       The ex-refinery price of domestic jet fuel was raised from CNY 7,465 per ton to CNY 7,725 in February, a CNY 260 per ton increase in the procurement costs of mainland flight companies.

+       Fuels costs for Air China Ltd. (SSE: 601111; HKEX: 753), China Eastern Airlines Co., Ltd. (SSE: 600115; HKEX: 670), and China Southern Airlines Co., Ltd. (SSE: 600029; HKEX: 1055) already exceed 40% of total costs; the fuel price hike will further increase operating pressure.

The fuel cost/revenue ratio is still far from the 2008Q4 height.

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n Domestic Jet Fuel Prices Hiked up CNY 260 per Ton

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