Aviation Tunisair growth slows as costs rise By Pramod Kumar July 25, 2024, 6:40 AM Creative Commons/Wouter Cooremans The national carrier’s market share declined to 23 percent in H1 2024 from 26 percent in H1 2023 Tunisair’s revenue increased by only 3 percent year on year to TND695 million ($224 million) in the first half of 2024, as fuel costs rose and its market share shrank. Passenger numbers went up by 2 percent to 1.17 million, compared to 1.15 million a year ago, the state-run Tunis Afrique Presse reported. Average revenue per passenger was up to TND462, compared to TND460 in 2023. NewsletterGet the Best of AGBI delivered straight to your inbox every week However, load factor declined to 71 percent in the first six months from 74 percent. The national carrier’s market share declined to 23 percent from 26 percent. Libya’s Berniq buys Airbus jets to expand reach Qatar Airways expands Boeing 777 order book Fuel expenses surged 8.2 percent year on year to TND211 million due to a 7.2 percent rise in consumption and a 2.5 percent increase in price per barrel. Debt dropped to TND720 million on repayment of contractual instalments. Tunisair operates 34 aircraft.
