Turkish Airlines Tbilisi Office profits from air tickets sale doubled

Turkish Airlines Tbilisi Office profits from air tickets sale doubled

access_time2022-11-14 09:00:35

The turnover of the Turkish Airlines Tbilisi Office from the sale of air tickets has almost doubled. In 2021, the company's profits stood at GEL 12.4 million, in 2020 totaled GEL7.57 million.

According to the 2021 report, the company's assets exceed GEL 3 million against GEL 2.2 million in 2020. The capital amounts to GEL 697,001.

According to the report, the company's expenses in 2021 made more than GEL 31 million. The largest amount of GEL 21.7 million was spent on the cost of aircraft services, the other airport services account for GEL 6.5 million, the salaries account for GEL 1.8 million.

"The company is not focused on profit, because the amount of service provided on international flights exceeds the amount of the charges received on the Georgian territory and the incurred expenses are fully refunded by the head company (JSC Turkish Airlines)," the report states.


JSC Turkish Airlines owns 100% of the shares of the Tbilisi branch of Turkish Airlines.

Turkish Airlines Tbilisi Office", whose legal form is a branch (representative office) of a foreign enterprise, was registered on January 16, 1997.



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