“The national carrier Tunisair posted a 29% rise in its transport revenues to nearly TND 292 million during the first quarter (Q1) of 2023,” according to activity indicators released on Friday by the Tunis Stock Exchange.

This is due to the increase of 24% in the number of passengers from 412 thousand at the end of March 2022 to 509 thousand at the end of March 2023.

At the same time, the average revenue per passenger (regular flights) and per flight hour (charters) grew by 5.3% and 5% respectively, in Q1 2023.

However, the market share of the national carrier dropped from 33.1% to 28.8%.

Likewise, the fleet punctuality decreased from 42% to 37%.

In terms of expenses, the improvement of the activity was coupled with a sharp increase in fuel expenses by 85% to TND 109.1 million, and airport fees by 42% to TND 49.2 million.

Aircraft rent expenses were up by nearly TND 10 million due to the entry into operation of new aircrafts bought by Tunisair under leasing.

The carrier’s indebtedness fell by 16% to TND 766.5 million as a result of the resumption of repayments on local loans restructured during the COVID-19 period.

Source: Agence Tunis Afrique Presse