Jet fuel refining margins turn negative as airlines ground fleets
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SINGAPORE (Reuters) - Asian jet fuel refining margins have turned negative for the first time in over a decade as airlines continue to ground flights on international and domestic routes amid stringent travel restrictions to contain the coronavirus pandemic.The already-battered profit margins are expected to come under further pressure as there is no concrete recovery timeframe in sight, trade sources said."Global air traffic is down by about 40-45% at present, according to flight tracking..