“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.<\/P>
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.<\/P>
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.<\/P>
However, the market share of the national carrier dropped from 33.1% to 28.8%.<\/P>
Likewise, the fleet punctuality decreased from 42% to 37%.<\/P>
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.<\/P>
Aircraft rent expenses were up by nearly TND 10 million due to the entry into operation of new aircrafts bought by Tunisair under leasing.<\/P>
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.<\/P>
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Source: Agence Tunis Afrique Presse<\/P>
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