Air China Cargo Highlights Fuel Cost Link to Global Oil Prices
Deep News
May 24
Air China Cargo Co.,Ltd. stated in response to investor inquiries that the company's aviation fuel costs are closely correlated with fluctuations in international oil prices. To manage the cost volatility arising from fuel price changes, and in line with industry practice and contractual agreements, the company activates a fuel surcharge mechanism when specific conditions are met. The fuel surcharge levied on customers will be adjusted in accordance with changes in oil prices, which plays a positive role in mitigating the risks associated with rising aviation fuel costs.
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