The revenues of national carrier “Tunisair” increased by 24% in the second quarter of 2023 compared to the same period of 2022, according to the company’s activity indicators for the second quarter of 2023, published on the Tunis Stock Exchange website.
According to the same source, the number of passengers carried grew to 1,150,453 in the first half of 2023, compared to 939,860 in the same period of 2022.
Transport revenues (scheduled, charter, cargo and mail) amounted to 658 million dinars (MD) in the first half of the current year, compared to 521 MD in the same period last year.
The company also reported that the second quarter was characterised by the introduction of two new A320 aircraft, which contributed to a 31% improvement in supply in terms of available seat kilometres (ASK).
In response to this improvement in supply, demand in terms of PKT (passenger kilometres carried) increased by the same proportion. As a result, the load factor remained stable at 74% between the first half of 2022 and the first half of 2023. Market share also remained unchanged at 30%.
The company also reported a change in its costs in the second quarter of 2023. Fuel costs decreased by 17% due to the price effect (average 30.9% decrease in the price per barrel). On the other hand, expenditure on airport charges and commercial assistance rose by 22% and 16% respectively.
Tunisair also recorded an increase in aircraft rental and insurance costs following the acquisition of two aircraft, and an increase in financial charges following the restructuring of its debt (settlement of outstanding debts) and the rise in interest rates.
A fleet of 29 aircraft entered into service in the first half of 2023, an increase of two aircraft compared with the same period in 2022. 18 aircraft are owned by Tunisair and the others are leased.
The company has 3,155 employees in the first half of 2023, compared with 3,215 in the same period of 2022, with personnel costs estimated at 96.379 million dinars.
