
Oil prices plummet, stimulating a rebound in airline stocks. Cathay Pacific: Fuel surcharges are based on aviation fuel prices, not crude oil prices

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Oil prices plummeted, stimulating a rebound in airline stocks, with Cathay Pacific's share price rising nearly 6% at one point. Cathay stated that its fuel surcharge adjustments are primarily based on aviation fuel market prices rather than crude oil prices, and will be reviewed regularly on a monthly basis. Other airlines such as Air China, China Eastern Airlines, and China Southern Airlines also experienced varying degrees of increase
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