Rising oil prices increase the cost of aviation faces new dilemma.doc

 PAGE \* MERGEFORMAT 4 Rising oil prices increase the cost of aviation faces new dilemma Higher oil prices, shipping costs increase, leading to civil aviation industry-wide loss of 560 million yuan in the first half Lin Chunxia journalists reporting from Beijing yet to return to profitability in 1999 industry-wide news in the fascinating stats of the General Administration of Civil Aviation of China, more recently, faced with a loss dilemma. According to the National Civil Aviation Administration said the first half of this year, China’s civil aviation industry-wide loss of 560 million yuan, of which airline a loss of 990 million yuan. According to the analysis, resulting in the first half of the whole civil aviation industry losses mainly because aviation fuel prices at home and abroad four times in the first half adjustment, a sharp rise, fuel costs accounted for the proportion of the cost of principal operations airlines from 22 percent in the first half rose to 31 %, thereby increasing the cost to the whole industry 1.27 billion yuan (including airlines an increase of 7.5 billion, oil companies increased by 5.2 billion), so that airline fuel costs accounted for the proportion of the cost of principal operations from 22% to 31%, plus on the new aircraft, new airports production, more so that cost is increased significantly. China Aviation Oil companies, airlines and air fares did not increase in the circumstances, relying on their own efforts to absorb additional costs, improve economic efficiency, it is very difficult. Civil aviation industry-wide losses in the first half of the situation, so that the industry did not expect. As we all know, in 1999 due to introduction of the Civil Aviation ban on discount air tickets to make such a series of measures to enable the industry to achieve the goal of profitability, when revenue from main business reached 79.7 billion yuan, up 10.2%, industry-wide profit of 790 million yuan, this extraordinary performance fo