Report
EUR 236.14 For Business Accounts Only

Nothing but bad news

At the end of Q3 2014, Tunisair’s revenues reported a huge decline of 27.5% to TND642.5M. Indeed, the halt of connection with Libya coupled to the latest events, in particular, the Bardo Museum attack and the terrorist attack against the Imperial Hotel in Sousse, further aggravated the carrier’s situation. These unfavorable circumstances caused losses of TND250M. Moreover, this decrease is also explained by the decreasing average revenue by passenger for scheduled flights from TND232 to TND225.
Underlying
Societe Tunisienne de L'Air

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.

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