Tunisair : Revenues jump 178% in Q1 of 2022

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Tunisair revenues jumped 178% in Q1 of 2022 in comparaison with the same period last year, hitting 216.08 million dinars (MD) against 77.7 MD, data released by the Tunis Stock Exchange show.

The airline saw increased productivity as a result of higher daily fleet use : 7.6 hours/day/aircraft by late March against 3.10 hours/day/ aircraft in the same period in 2021.

Twenty-seven planes are included in the operator’s license. Two A320 Neo aircraft joined the fleet in Q1 of 2022 and three planes were removed. The number of aircraft in effective operation in Q1 reached 14 out of a total of 27.,

Passenger numbers grew 175% to 409, 997 against 149, 027 in the same period last year, driven by an improvement in the epidemiological situation and the gradual lifting of travel restrictions.

The national carrier reported an increase in fuel expenses which amounted to 57.5 MD in Q1 of 2022 compared to 17.79 MD during the same period last year. This the result of a 114% growth in traffic volumes (tonne) and hugher oil prices (+63%).

Likewise, the same upward trend was seen in airport charges (34.6 MD against 16.18 MD in 2021) and business support (15.5 MD up from 6.53 MD) after air travel resumed.

Catering expenses edged up 456%, soaring from 998,000 dinars in Q1 of 2021 to 5.5 MD in the same period in 2022 after the resumption of services in November 2021.

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