Hainan Airlines increases fuel surcharge in the wake of oil price hike
The airlines will implement the same fuel surchages, with domestic routes longer than 800 kilometers seeing an increase of between 70 yuan and 90 yuan in the fuel surcharge per passenger.
For domestic routes of less than or equal to 800 kilometers, the fuel surchases will be increased by between 40 yuan and 50 yuan per passenger.
According to Sinolink Securities (600109), the rise in fuel surcharges will be sufficient to cover the increase in the price of jet fuel, and is not expected to have a significant impact on the price of airline tickets.
The NDRC had on February 19 raised the ex-factory price of jet fuel by 350 yuan per ton to 6,340 yuan per ton, effective February 20.
Shares of China Southern Airlines fell 5.22 percent to close at 8.71 yuan today.
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