National carrier Tunisair recorded a 5.5% increase in the number of passengers carried, reaching 2.61 million passengers at the end of 2024, compared to 2.47 million passengers at the end of December 2023.
The company’s revenue rose by 4.7%, reaching 1.664 billion dinars, compared to 1.591 billion dinars at the end of December last year. The average revenue per passenger decreased from 495 dinars to 480 dinars.
On the variable costs side, fuel expenses dropped by 2.7% to 424.1 million dinars, while airport fees increased to 383 million dinars, up from 368.3 million dinars at the end of December 2023.
Personnel costs, however, rose by 6.1% to 226 million dinars, compared to 213 million dinars the previous year, despite a reduction in headcount from 3,107 to 2,852 employees. According to the company, this increase in personnel expenses is attributed to mandatory salary raises.
The company’s financial charges stood at 40.3 million dinars, up from 31.9 million dinars at the end of December 2023.
Tunisair’s outstanding bank debt significantly decreased, dropping from 764 million dinars on December 31, 2023, to 648.2 million dinars at the end of December 2024, following the settlement of due payments and ongoing credits, as well as reduced reliance on new loans.
Additionally, the company improved its punctuality rate (delays under 15 minutes) by 12 percentage points, reaching 48% by the end of December. However, the load factor remained nearly unchanged, moving slightly from 73.3% to 73.1%.
