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HomeNewsTunisia: TUNISAIR's revenues fall 30% in H1 to 183 million dinars

Tunisia: TUNISAIR’s revenues fall 30% in H1 to 183 million dinars

After posting a sharp drop in 2020, the activity of TUNISAIR continues to suffer the repercussions of the health crisis.

The national carrier, in fact, saw a 30% drop in revenue to 183 million dinars at the end of June last year, against 259 million a year earlier.

This fall is the result of the decline in the number of passengers carried, which reached 338,519 passengers at the end of last June, against 579,471 passengers at the same date in 2020, down 42%.

Along with the decline in revenues, the main variable expenses have experienced the same trend.

Indeed, fuel expenses fell by 45% to 36.4 million dinars while airport fees dropped 37% to 65.7 million dinars.

The main variable expenses have experienced the same trend.

The wage bill also fell by only 12% to 83 million dinars, compared to 93.7 million in the first half of 2020. Personnel costs represent 45% of the company’s half-yearly turnover at the end of last June.

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