China aims to shield airlines from oil cost rises

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]

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This report contains the following 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

This report contains the following charts and tables:

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