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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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23 Dec 2015 08:25

Fastjet to start flights between Kenya, Tanzania

(ShareCast News) - Low cost African airline fastjet said its Tanzanian operation had been given clearance by the Kenyan government to operate flights between Kenya and Tanzania. Fastjet said two new routes, Dar es Salaam to Nairobi, and Kilimanjaro to Nairobi were on sale from Wednesday. From 11 Ja

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23 Dec 2015 08:20

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23 Dec 2015 08:09

Fastjet Gets Approval For Kenya Service, Flights To Start In January

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22 Dec 2015 09:10

Fastjet warns over 2015 and 2016 revenues

(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

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22 Dec 2015 08:34

Fastjet Shares Take A Dive As It Warns On Revenue In 2015 And 2016

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8 Dec 2015 07:52

Fastjet November Traffic And Load Factor Hit By Tanzania Instability

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4 Dec 2015 08:45

Fastjet Non-Executives Step Down, Including Ex-Interim Chairman Carver

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6 Nov 2015 10:04

DIRECTOR DEALINGS: Fastjet Non-Executive Tim Ingram Buys Shares

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