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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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9 Jun 2016 14:32

Fastjet appoints Nico Bezuidenhout as new CEO

(ShareCast News) - Fastjet has confirmed they have appointed Nico Bezuidenhout as its new chief executive on Thursday. Bezuidenhout, 39, will join Fastjet on 1 August, after 10 years as chief executive of South African Airway's low cost subsidiary Mango Airlines. He was chief executive from the airl

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9 Jun 2016 13:41

EXTRA: Fastjet Shares Fly High As Airline Ends Search For New CEO

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9 Jun 2016 10:35

Fastjet Hires Mango Airlines Boss Bezuidenhout As New CEO

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8 Jun 2016 15:30

Fastjet Says Search For New Chief Executive Is "Well Advanced"

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2 Jun 2016 08:03

Fastjet nosedives at it warns over 2016

(ShareCast News) - Fastjet shares slumped on Thursday after the Tanzania-based budget airline posted a narrower loss the year to the end of December but said it expects to report a trading loss and to remain cash flow negative in 2016. The operating loss from continuing activities narrowed to $37.9m

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2 Jun 2016 07:30

LONDON MARKET OPEN: Johnson Matthey Lifted By Brighter Outlook

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2 Jun 2016 07:08

Fastjet Annual Loss Narrows As Sales Grow, But Warns On Uncertain 2016

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27 May 2016 15:17

EasyGroup Calls For Meeting To Oust Fastjet Executive Chairman

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29 Apr 2016 13:46

Fastjet Agrees Early Termination Of Lease For A319 Aircraft

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14 Apr 2016 07:34

Fastjet Delays Application For Zambian Air Operator Certificate

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8 Apr 2016 16:11

Bryan Collings steps down as non-exec at fastjet

(ShareCast News) - Bryan Collings has resigned as a non-executive director at fastjet with immediate effect. It was announced in December that Collings would not be standing for re-election at the airline's next annual general meeting. Fellow non-executive director Robert Burnham was understood to

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8 Apr 2016 08:18

Fastjet Says Robert Burnham Plans To Stay On Board

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30 Mar 2016 12:57

Fastjet Claims No Breach Of Licence Agreement With easyGroup

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24 Mar 2016 07:42

Fastjet Will Respond To EasyGroup Letter As It Takes Legal Advice

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23 Mar 2016 09:02

Fastjet Takes Legal Advice Over Publication Of Second EasyGroup Letter

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