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The Tunisian national carrier Tunisair records an increase in turnover by 16.4%, to TND 1.58 billion in 2023 compared with 2022, according to the airline’s activity indicators.
The Tunisian national carrier Tunisair records an increase in turnover by 16.4%, to TND 1.58 billion in 2023 compared with 2022, according to the airline’s activity indicators.
This spike is attributed, on the one hand, to the 14% rise in the number of carried transported passengers to 2000474 million 474 thousand and on the other hand, by the 1.4% rise in average revenues on scheduled and additional flights. However, the carrier also reported a 2-point drop in load factor, from 74.5% in 2022 to 72.8% in 2023.
Concerning the variation in expenses, Tunisair indicated that fuel expenses fell by 2%, despite the 14.6% rise in consumption in terms of quantity, due to the 18.1% drop in the price per barrel. On the other hand, the aircraft leasing costs were up considerably following the acquisition of 5 new aircraft on long-term leases, as well as several one-off charters during the high season.
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Employee costs grew by 12%, despite a 3% fall in headcount. This is mainly due to the payment of arrears relating to part of the promotions frozen since 2020, due to the advent of the COVID crisis.
