Tunisia: Tunisair share price plunges to historic low
This decline marks a worrying turning point for the national carrier, whose market capitalization has halved in just four years, dropping to 38 million dinars.
This drop in the stock price highlights the structural and cyclical challenges facing Tunisair. Despite its historic status as the flagship of Tunisian air transport, the company appears unable to reverse the trend.
Several factors explain this growing disinterest from investors, weighed down by persistent delays in the company's restructuring. Indeed, the recovery plan repeatedly announced by the authorities remains largely theoretical.
Few concrete steps have been taken, particularly in modernizing the fleet and reducing staff.
Additionally, frequent leadership changes and the lack of a long-term vision have weakened the corporate strategy and eroded market confidence.
The plummeting of Tunisair's stock sends a strong alarm signal to the government and social partners. At this valuation level, the company is now perceived by the market as a high-risk asset, despite its strategic role in transport and tourism.
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