Tunisair improves half-year results

24 September 2003
Flag carrier, Tunisair, on 24 September announced that it had reduced first-half net losses by 16.1 per cent. The improvement, it said, was due to ongoing restructuring. The airline lost TD 37.6 million (($29.8 million) in the first half of 2003, compared with TD 44.9 million ($34.8 million) at the same period last year.

Tunisair, which is 3.9 per cent owned by Air France, started its restructuring programme early in 2003 by cutting 2,500 of the 8,000 employees (MEED 30:1:03).

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