National flag carrier Tunisair has significantly improved its activity indicators during the first nine months of the year.
Indeed, the company’s turnover grew 19.5% to 1.18 billion dinars at the end of September against 989 million dinars a year earlier.
This growth results from the increase in the number of passengers transported at the end of September, reaching 2,994,449 passengers against 2,730,367 passengers at the end of the first nine months of 2017, i.e. up 10%.
Nevertheless, the company’s market share went down from 41.7% to 36.5% between September 2017 and September 2018, while the load factor was 74.6% compared to 74.9% one year ago.
In addition, fuel costs jumped 38% to 301.7 million dinars against 218.1 million at the end of September 2017.
At the end of September, the company operates 28 aircraft including 7 leased. Similarly, personnel costs increased from 149.8 million dinars to 158.7 million dinars, up 6%.
The company’s indebtedness at the end of the first nine months of the year fell by 6% compared to the end of December 2017, dropping from 1.06 billion dinars to 997.8 million dinars, while financial charges have more than doubled to 14.3 million dinars against 7.1 million at the end of September 2017
