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Don't have an account? Click here to register.Fastjet passenger numbers up 33pc year on year
Mon, 05th Oct 2015 08:50
(ShareCast News) - Fastjet has increased the number of passengers carried by 33% for the month of September compared to the previous year.The Tanzania-based airline revealed its passenger statistics for September on Monday.They showed a total of 76,595 passengers carried, representing 64% of available seats on its flights.In September 2014, the airline only carried 57,709 passengers, but with fewer flights at the time that meant it had 74% of available seats filled.Despite the introduction of daily flights between Dar es Salaam and Johannesburg and the frequency of flights on other routes increased, month on month the airline saw a 0.1% drop in passengers.Fastjet chief executive Ed Winter said difficult trading conditions in Tanzania outlined in September have placed pressure on revenues and load factors."In light of this, and a significant increase in capacity, we are pleased to have achieved a load factor of 64%."
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18 Mar 2016 15:44
Fastjet director resigns amid row with easyGroup
(ShareCast News) - Fastjet's public spat with easyGroup led to the resignation of a board member late on Friday afternoon. After 1500 GMT, the Africa-based low cost airline announced Tim Ingram, easyGroup's representative on the board, had resigned with immediate effect. "The board has regrettably
Read more18 Mar 2016 08:39
Fastjet shares crash as it hits back at EasyGroup
(ShareCast News) - Tanzania-based budget airline Fastjet on Friday criticised easyGroup for going public with a letter relating to the two companies' contractual relationships and said it was seeking legal advice. Fastjet said that while it welcomes constructive engagement with all shareholders, it
Read more8 Mar 2016 10:49
Liberum downgrades Fastjet on short-term challenges
(ShareCast News) - Liberum downgraded African budget airline Fastjet to 'hold' from 'buy' and slashed the price target to 45p from 90p following a "disappointing" trading update, which has led the brokerage to cut its 2016 and 2017 forecasts. Liberum now expects a $20m loss in 2016, compared with a
Read more7 Mar 2016 08:43
Fastjet shares plunge after stark profit warning
(ShareCast News) - Fastjet's share price plunged early on Monday, after the Africa-focused airline issued a stark warning over its long-term viability as challenging market conditions in the continent continued. The AIM-traded low-cost carrier, affiliated with the easyGroup through a major sharehold
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