The Beijing News
presents excerpts from a roundtable discussion on "The Development of
China's Civil Aviation" conducted by three scholars of the industry – doctoral
students at Tsinghua University and the Chinese Academy
of Social Sciences, and a researcher with the Department of Management Science
at the City University of Hong Kong.
Fuel prices for domestic airlines have risen nearly 25%,
from 4190 yuan (US$517) per ton at the beginning of 2005 to the current price
of 5220 yuan (US$644). This naturally will have an influence on domestic
airlines' annual performance; China
Southern forecasts a drop in profits of around 1 billion yuan, and all of the
major airlines will almost certainly realize net losses on the stock market by
year end.
China Aviation Oil Group, the Beijing-based parent company
of Singapore-listed China Aviation Oil that was rocked by scandal last

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