LONDON (Alliance News) - African low-cost carrier Fastjet PLC on Wednesday posted a big rise in passenger numbers for April year-on-year, along with an improvement in its load factor.
The company said it carried 68,088 passengers in April, up 90% from 35,770 passengers a year earlier. Its rolling passenger total for the year to April was 694,227, up 78% year-on-year from 389,164.
"April was yet another record-breaking month for fastjet and continues our recent trend of reporting significant year-on-year growth in passenger numbers. Carrying over 68,000 passengers is a considerable achievement and is testament to our position in the Tanzanian market, the attractiveness of our low-cost fare structure and operational reputation," said Chief Executive Ed Winter.
Fastjet shares were up 6.5% to 123.00 pence on Wednesday morning, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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