9 Feb 2015 08:41
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Don't have an account? Click here to register.Fastjet warns over 2015 and 2016 revenues
Tue, 22nd Dec 2015 09:10
(ShareCast News) - Low-cost African airline Fastjet said revenues for 2015 and 2016 are likely to be lower than anticipated due to challenging market conditions and currency headwinds. The company said it is proactively taking steps to manage its operating costs and overheads and fully align its growth strategy with demand.Fastjet remains confident these actions will ensure it continues to be well placed to capture the significant growth potential in the African aviation market."The board believes 2016 will be a year of network growth and that the group is expected to be cash flow positive for the next financial year."In an operational and trading update, the group said that as previously announced, the prolonged adverse effect of the presidential election in Tanzania has led to reduced governmental and civil service traffic and lower demand for travel more widely across the country.As far as Zimbabwe is concerned, international route approvals are expected very soon which will allow the start of a significant Fastjet Zimbabwe network early in the New Year.Fastjet said the final stage of the Zambia air operator certificate application process is expected to be completed in early 2016.At 0920 GMT, shares were down 8.9% to 42.95p.
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9 Feb 2015 07:54
Fastjet passenger numbers up 78% in January
Tanzania-focused low-cost carrier Fastjet saw a surge in passenger numbers in January, which is normally the quietest month each year for airlines. A total of 55,695 passengers were carried last month on a load factor - a measure of how full planes are - of 69%. This was a 78% jump in passenger num
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African budget airline Fastjet wins Zambian approval
African low-cost airline Fastjet has taken one step closer to launching operations in Zambia after receiving approval from authorities on the first phase of its application for an air operation certificate (AOC). The company, which already serves the Tanzanian market, said that it hoped Zambia will
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Fastjet increases passenger traffic in November
African budget airline Fastjet continued to hit new passenger records in November. The carrier increased its number of Tanzanian passengers by 90% to 63,146 in November and achieved a load factor - which measures how full its aircraft were - of 77% during the month. It also said it increased its De
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Sector movers: Ebola fears hammer travel stocks, but grocers and miners rise
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Fastjet reaches new heights with passenger record
African budget airline Fastjet has hit a new passenger record for September. The no-frills carrier part-owned by Easyjet founder Stelios Haji-Ioannou said its operations in Tanzania increased passenger numbers by 79% to 57,756 and achieved a load factor - which measures how full its aircraft were -
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