Air China

Air China is the flag carrier and one of the major airlines of the People's Republic of China. Based in Beijing it is one of the world’s largest airlines in terms of fleet size but ranks behind its main competitors, China Southern Airlines and China Eastern Airlines, in terms of passenger traffic.

Workers load luggage in Shandong Airlines in China as the country's carriers grouse that they cannot take full advantage of the fall in crude prices to its lowest level in 5 years. Photo: EPA

China’s air carriers miss boat on savings from fall in oil to 5-1/2 year low

Mainland China carriers may be feeling the impact of the recent oil price plunge in a more painful way compared with their peers, as domestic oil prices did not match the fall seen in the international market and is a lot less given how much the centrally-set fuel surcharges had been cut.