CAA to cut aviation fuel surcharge as oil declines

The levy for short-haul flights will fall by US$7.50 to US$17.50, the aviation authority said in a statement on its Web site today. Fuel fees for New Zealand, Australia and other long- haul destinations will drop by US$19.50 to US$45.50, it said.

China Airlines and EVA Airways Corp., Taiwan’s largest airlines, posted third-quarter losses after betting the wrong- way on fuel prices. The two carriers paid to hedge rising fuel costs while prices fell for the period.

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