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Saturday 19 June 2021
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Tunisia: Tunisair’s revenues increase, debts too

Tunisair turnover grew 7% in Q1 of 2019, in comparison with the same period last year, standing at 304 million dinars. Its debts, though, amounted to 1.078 billion dinars.

The airline’s quarterly activity indicators showed that passenger numbers rose 1% in comparison with the same period in 2018, reaching 1,297,146 travelers.

This upward trend is the result of an improvement in the regular and supplementary activity as there were 758,116 passengers in Q1 of 2019 against 753,711 in 2018.

The airline’s charter and pilgrimage activity saw an increase in the number of passengers from 21,642 in 2018 to 23,630.

These same indicators reveal that the average of fuel price per ton edged up 16%, which brought fuel expenses to 90.052 MD.

There were other expenses: 25 MD in business support, 8.9 MD in catering assistance, 90 MD in airport-use charge, 1.5 MD in aircraft rent, 2.3 MD for aircraft insurance and 8.7 MD in repair and maintenance costs.

Similarly, staff costs rose 11% to 55.9 MD in Q1 of the current year against 50 MD in 2018.

Tunisair market share, meanwhile, dropped to 41.3% compared to 47% in Q1 of 2018.

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