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Politics and precipitation impede Fastjet loads

Tue, 08th Dec 2015 07:39

(ShareCast News) - Political turmoil and foul weather hampered passenger loads for Fastjet in November, it announced on Tuesday.The AIM-listed African easyGroup affiliate carried a total of 62,843 passengers during the month, with a load factor of 60% - down 3% on October.Fastjet blamed this on the prolonged Tanzanian presidential election process. The country remained without a cabinet or a budget, which the airline said resulted in muted demand from government and civil service.On-time performance in Tanzania was also hampered by severe weather, with 84% of flights running within 15 minutes of schedule, while 100% of flights ran within 15 minutes for the Zimbabwean operation in its first month in the air."Whilst we remain mindful of the temporary reduction in demand in Tanzania, we expect that this will improve in the New Year when the political environment stabilises", chief executive officer Ed Winter said."We are delighted that Fastjet Zimbabwe has been well received in its first month of operation. Passenger feedback has been positive and we look forward to expanding that network."In the announcement, Fastjet also confirmed a new route between Dar es Salaam, Johannesburg and Zanzibar would launch in January 2016.
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27 Jan 2020 09:38

Fastjet Trades In Line With Expectations Amid Restructuring Warning

Fastjet Trades In Line With Expectations Amid Restructuring Warning

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27 Jan 2020 08:35

Fastjet warns of imminent cash crunch as critical talks continue

(Sharecast News) - Africa-focused carrier Fastjet warned on Monday that it only had enough cash to see it through to the end of the quarter, as critical discussions over its future continued.

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27 Nov 2019 12:56

Fastjet Shares Plummet As Ponders Zimbabwe Unit Sale As Loss Persists

Fastjet Shares Plummet As Ponders Zimbabwe Unit Sale As Loss Persists

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27 Nov 2019 12:25

Fastjet proposes sale of Zimbabwean operations

(Sharecast News) - Low-cost African airline Fastjet proposed the disposal of its Zimbabwean operations to investors on Wednesday as the group now expects further funding will be required by the end of February 2020 if its wants to continue operating in its current form.

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15 Nov 2019 13:32

Fastjet Adds Second Route From Zimbabwe To South Africa

Fastjet Adds Second Route From Zimbabwe To South Africa

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30 Jul 2019 10:34

Fastjet Interim Loss Narrows As Revenue Performance Improves

(Alliance News) - African low-cost airline Fastjet PLC said Tuesday its interim loss has improved amid growing passenger revenue.For the six months ended June, the pretax loss narrowed 51%

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22 Jul 2019 15:57

UK Shareholder Meetings Calendar - Next 7 Days

Tuesday 23 JulyMotorpoint GroupStobart GroupVodafone Group (re acquisition of Liberty 24 Air 25 Systems

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2 Jul 2019 09:30

Fastjet Shares Drop Further As Boss Bezuidenhout Plans September Exit

(Alliance News) - Shares in Fastjet PLC fell sharply Tuesday after Chief Executive Officer Nico Bezuidenhout announced he will leave the African low-cost airline by the end of in Fastjet were 7.9%

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28 Jun 2019 10:36

Fastjet Loss Multiplies In 2018 On One-Off Costs But So Does Revenue

(Alliance News) - African airline Fastjet PLC said Friday its loss deepened significantly in 2018 as one-off costs hurt, despite revenue surging as it expanded its operations.In 2018, loss

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20 Jun 2019 16:02

UK Shareholder Meetings Calendar - Next 7 Days

Friday 21 JuneBoohoo GroupGulf KeystoneBH GlobalEJF ResourceSigma

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17 Jun 2019 15:58

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 18 June Ashtead GroupFull Year ResultsTelecom PlusFull Year HoldingsHalf

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10 Jun 2019 15:00

Fastjet Loan Agreements Altered After New Zimbabwe Currency Introduced

LONDON (Alliance News) - Fastjet PLC on Monday announced changes to its loan agreements with Annunaki Investments Pvt Ltd and SSCG Africa Holdings following the introduction of a new local in in

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23 Apr 2019 11:13

Fastjet Growth Slows In First Quarter After Sharp Revenue Rise In 2018

LONDON (Alliance News) - Fastjet PLC on Tuesday said its revenue grew significantly in 2018, but earnings in the first quarter of its current financial year were hurt by cyclones and the monetary

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23 Apr 2019 08:50

Fastjet revenues soar as passenger numbers take off

(Sharecast News) - Low-cost African airline Fastjet saw revenues soar last year, driven by an increase in passenger numbers in Zimbabwe and Mozambique.

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23 Apr 2019 07:42

LONDON MARKET PRE-OPEN: Higher Call; Ferrexpo Raises Dividend 40%

LONDON (Alliance News) - Stock prices in London are seen opening higher on Tuesday following the long Easter weekend, as the pound slipped below USD1.30.In early UK company news, British a

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