TBILISI, April 25 (Xinhua) -- Georgian Airways has begun cutting flights and warned it could go bankrupt amid surging jet fuel prices, said Victoria Klimichevathe, the airline's public relations head.
"Take a Paris round-trip: We need around 26 tons of fuel -- about 50,000 U.S. dollars. Across 100 passengers, that is 500 dollars per person just for kerosene. Our round-trip fare was 300 to 350 euros (about 352 to 410 dollars)," she said, noting that ticket prices on some routes no longer cover the bare cost of fuel.
Jet fuel prices have surged since fighting broke out between the United States, Israel and Iran, disrupting production and supply chains across the Middle East and the broader region. ■