Airlines plan to cut flightspeople.com.cn
Major Chinese airlines are moving fast to tackle the mounting pressure from escalating fuel prices and shrinking market demand. China Southern Airlines and China Eastern Airlines said they plan to cut long-haul international flights to reduce costs. Luo Zhuping, board secretary of China Eastern, said the company is considering cutting international flights but the reduction will be gradual. "Besides the soaring fuel prices, a major pressure is from the declining domestic and international market demand arising from the weaker international economy," Luo told China Daily yesterday.
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