Skip to content Skip to Search
Skip navigation

Tunisair growth slows as costs rise

By Pramod Kumar
Aircraft, Airliner, Airplane 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.

Person, Electronics, Mobile Phone

Newsletter
Get 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.

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.

Latest articles

UAE citizens receiving housing aid include the elderly, retirees on lower incomes and widows

Abu Dhabi citizens receive $3.6bn in housing benefits

To coincide with the UAE’s Eid Al Etihad celebrations, thousands of Abu Dhabi citizens have received housing benefit packages worth a total of AED7.72 billion ($2.1 billion). This package, the third awarded this year, brings the total value of housing benefits disbursed to Emiratis during 2024 to AED13.2 billion ($3.6 billion) This week 5,374 Emirati […]

Solar panels near Nanchang, China; Acwa Power wants to acquire clean power assets with a value of up to 20GW

Acwa Power plans to invest $50bn in China by 2030

Saudi energy company Acwa Power plans to invest up to $50 billion in renewable energy projects in China, a senior executive said on Tuesday.  Lyu Yunhe, Acwa Power’s head of China operations, said they aim to work with Chinese state-owned companies to acquire clean power assets with a value of up to 20GW and an additional 1 […]

Turkey inflation rate cut

Rate cut for Turkey in balance as inflation stays high

Despite higher than expected inflation in Turkey in November, the window may remain open for the central bank to cut its key lending rate before the end of this year.  Turkey’s annualised inflation rate fell back to 47.1 percent in November, data issued by the statistics agency Turkstat on December 3 showed, down from October’s […]

PMI november Saudi man in textile factory

Non-oil activity in Saudi Arabia at 16-month high

Activity in Saudi Arabia’s non-oil economy has hit a 16-month high, as the country’s diversification efforts continue to show results. The S&P Saudi Arabia Purchasing Managers’ Index – a composite measure of non-oil private sector performance – rose from 56.9 in October to 59 in November, the fourth successive month in which the headline index […]