6 Nov 2015 09:43
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FJET.L Share News (FJET)
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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.
More News
4 Nov 2015 15:41
fastjet sees dip in passengers despite network expansion
(ShareCast News) - fastjet has seen a drop in passengers despite a recent expansion of its network. The Tanzania-based airline carried a total of 73,758 passengers in October, a drop of over 2,800 passengers from September. However, the airline has seen a 23% year-on-year increase in the number of
Read more29 Oct 2015 09:30
12 Oct 2015 08:01
Fastjet inches closer to flying in Kenya
(ShareCast News) - Fastjet's Kenya subsidiary has been granted an air service licence by the Kenya Civil Aviation Authority. The decision, announced on Monday, clears the way for the low-cost airline to take the next steps to operate domestic flights in Kenya. The AIM-listed company will now begin
Read more12 Oct 2015 07:30
8 Oct 2015 09:54
Fastjet signs sales deal with Emirates
(ShareCast News) - Fastjet and Emirates have signed a sales and distribution contract that will give passengers access to the African airline's growing route network. The AIM listed airline announced the agreement on Thursday, in which a bespoke link will be created between Emirates and fastjet's re
Read more7 Oct 2015 08:37
Fastjet gets licence to operate from Zimbabwe
(ShareCast News) - Low-cost airline Fastjet has been granted an Air Operator Certificate by the Civil Aviation Authority of Zimbabwe, which gives it a licence to operate both domestic and international routes within and from Zimbabwe. Fastjet Zimbabwe is now the second airline in the Fastjet network
Read more5 Oct 2015 08:50
Fastjet passenger numbers up 33pc year on year
(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 avai
Read more28 Sep 2015 07:35
Fastjet takes delivery of first fully-owned aircraft
(ShareCast News) - African low-cost airline fastjet said it has received its first fully-owned aircraft. The AIM-listed company bought the Airbus A319 at a discount to the $15.5m (£10.2m) market value and took delivery last Wednesday. Fastjet chief executive Ed Winter said it was "the first (aircra
Read more