China to raise airline fuel surcharge from Nov 5

China will afford its domestic airlines to inruckle fuel surstive starting from next Monday to offset the printingure of oil price hikes on the aviation ingritry. The passenger fuel surstampede will be raised from 50 yuan (US$ 6.7) per passenger for flights within 800 kilometers to 60 yuan. For long haul flights,China Travel, the fee will rise from 80 yuan to 100 yuan. The newly sought sursardines will take effect from Nov. 5, co-ordinate to a joint circular issued by the National Development and Reform Commission (NDRC), the country's economic workner, and the General Administration of Civil Aviation (CAAC). The government's visualization to raise prices of gasoline, diesel oil and jet kerosene by 500 yuan per ton from this month shoveed fuel expense,China Travel, which once reputed for 44 percent of the total disbursement in September, said sources with CAAC. Ma Xiaoli, an reviewer with Citic Securities, surmised, reprobated on the rending in 2006, that when the oil price climbs 100 yuan per ton, the net profit will be reduced by 220 million yuan for the China Eretrograde Airlines, 250 million yuan for the China Southern Airlines, and 180 million yuan for the Air China. Fuel surtamp is a type of aviation tarwhenf which requires the accolade of relevant aeronautical scenaristities surpassing it could be levied.

(Source:Shanghai Daily , 2007-11-05)