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Thursday 16 July 2020
Home News Tunisia: Tunisair's revenues fall 28% in Q1 to 220 million dinars

Tunisia: Tunisair’s revenues fall 28% in Q1 to 220 million dinars

National flag carrier Tunisair has just published its activity indicators for the first quarter of the current year.

These indicators show a -30% drop in the number of passengers for all activities to 548,168 passengers.

This sharp drop is essentially the result of the closure of airspace from Wednesday, March 18 decided by the Tunisian government to fight against the spread of the Coronavirus pandemic.

In this respect, the company’s revenues fell by 28% at the end of the first three months of the year to 220.5 million dinars, compared with 304.7 million dinars a year earlier.

Expenditure on fuel went down 35% to 61.2 million dinars, compared to 94.4 million at the end of March 2019.

Similarly, personnel expenses fell by 8% to 51.5 million dinars.

The company, which has a fleet of 28 aircraft at the end of March including 7 leased aircraft, saw its outstanding debt stand at 978.3 million dinars at the end of March against 941.3 million on December 31, 2019.

The financial charges amounted to 6.2 million dinars, almost stagnating compared to last year.

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