TAV Georgia sees increase in revenue from air services
BAKU, Azerbaijan, November 4
By Tamilla Mammadova – Trend:
During 2019, Tbilisi International Airport served 36,428 flights, of which 35,224 were international flights, Trend reports via Georgian media.
TAV Georgia has been operating Tbilisi International Airport since 2005. According to the state's license agreement, TAV will be the operator of Tbilisi Airport until January 21, 2027.
As reported, the number of flights was reduced by 4 percent in 2019 due to Russia's air embargo after June 20. In total, the company's revenue in 2019 was 260.6 million lari ($80.5 million), up by 3.8 percent, and net profit was 163.6 million lari ($50.5 million), down by 0.3 percent.
According to sources, the revenues of Tbilisi International Airport were as follows:
- Revenue from air services - 158.6 million lari ($49.04 million), an increase of 3.3 percent over the previous year;
- Revenue from land services - 63.9 million lari ($19.7 million), an increase of 3.9 percent over the previous year;
- Commission fee - Duty-Free Shops - 16.7 million lari ($5.1 million), a decrease of 0.4 percent over the previous year;
- Income from area distribution - 8 million lari ($2.4 million), an increase of 14 percent over the previous year;
- Revenue from car parking services - 3.2 million lari ($989,533) decrease compared to the previous year - 2.6 percent;
- Concession fee - food and beverage - 2.9 million lari ($896,764), an increase of 5.5 percent over the previous year;
- Revenue from lounge services - 2.8 million lari ($865,841), an increase of 9.8 percent over the previous year;
- Other income - 4.5 million lari ($1.3 million), an increase of 27.4 percent over the previous year.
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