The consolidated financial statements of the Tunisair Group, published Saturday on by the Tunis Stock Exchange (TSE), show a narrowing of the deficit to TND 220.8 million in fiscal year 2022, compared with TND 335 million a year earlier.
This improvement in the consolidated result is mainly due to a 93% increase in group revenues, which rose from TND 733.5 million in 2021 to TND 1,416.5 million in 2022. Notably, 88% of these revenues were generated by the national carrier Tunisair SA.
As a reminder, the Tunisair Group is structured around the national airline Tunisair SA, the parent company, which owns several operating subsidiaries active in related and complementary air transport activities, including Tunisair Technics (aircraft maintenance and engineering), Tunisair Handling (ground handling services), and Tunisair Express (primarily regional routes).
The group’s consolidated balance sheet as of December 31, 2022 also showed total assets of around TND 1,915.1 million, down slightly by 8.2% compared with 2021.
Consolidated cash flows amounted to TND 180.3 million, up from TND 110 million, representing an increase of 63.6%.
The Tunisair Group’s financial statements will be submitted for approval to the Ordinary General Assembly, scheduled for December 30, 2025.
