Travel

Chinese Airlines Hope a Cut in Levies Will Boost Profits

Qilai Shen  / Bloomberg

Air China plane seen at Beijing International Airport. Chinese airline shares surged after the government announced plans to slash infrastructure levies charged to the companies.
Qilai Shen / Bloomberg

Skift Take: China’s top three carriers are set for a total savings of $500 million (3.74 billion yuan) after July 1, when the government will slash in half the airlines’ mandatory contributions to a civil aviation investment fund. The country is determined to smooth out a recent downshift in its economic growth.

— Sean O’Neill

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