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Friday 17 September 2021
HomeNewsTunisia: TUNISAIR revenues fall 70% in Q1 to 77 million dinars

Tunisia: TUNISAIR revenues fall 70% in Q1 to 77 million dinars

Under the effect of the COVID-19 crisis, TUNISAIR saw a decline in the number of passengers carried by 73% in the first quarter of 2021 to 149,027 passengers against 557,190 a year earlier.

This fall has therefore generated a drop in revenue by 68% from 239.6 million dinars in the first quarter of 2020 to 76.7 million at the end of last March and this, despite the rise in average revenue per passenger by nearly 20%.

In parallel, with the decline in revenue, the main variable expenses have experienced the same trend.

Thus, the fuel charge (15.5 million dinars), assistance expenses (1.3 million dinars) and airport fees (16.2 million dinars) have declined by an average of 75%.

In addition, fixed charges have declined but not proportionally. Indeed, the wage bill fell by 20% to 41.1 million dinars and insurance charges fell by 26% to 1.9 million dinars. However, aircraft depreciation increased by 16% to 29 million dinars.

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