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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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Fastjet carries record number of passengers in August

(ShareCast News) - Low-cost airline Fastjet carried a record number of passengers in August as it benefited from new routes to Malawi and increased frequency on some existing routes. Fastjet carried a total of 76,741 passengers during the month, up 17.2% from August last year, although the load fact

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8 Sep 2015 08:06

Fastjet Carries Record Number Of Passengers In August

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27 Aug 2015 07:55

Fastjet Signs Operating Lease On Airbus A319 Aircraft For Tanzania

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26 Aug 2015 10:34

Fastjet acquires first plane, as fleet expansion continues

(ShareCast News) - Budget Airline fastjet has reached a deal to buy its first plane, after agreeing to purchase an Airbus A319 aircraft. The Africa-focused carrier has so far been leasing aircrafts, but it announced on Wednesday that its newly-acquired aircraft was expected to be operational by the

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26 Aug 2015 07:14

Wednesday newspaper round-up: Banks, Fastjet, Uber

(ShareCast News) - Banks, already facing intense competition from hedge funds to secure top talent, have warned that they risk being handicapped in the hiring race by an overzealous interpretation of EU bonus rules. A legal analysis of EU legislation covering bankers' pay as made it clear that the r

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26 Aug 2015 06:49

Fastjet Buys Airbus A319 Aircraft As It Ramps Up Zambian Operations

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10 Aug 2015 07:47

fastjet breaks passenger records for July

(ShareCast News) - Budget airline fastjet said it broke passenger records in July by carrying 71,763 passengers in a month. The Gatwick-headquartered airline which operates in Africa said it upped its previous record in April this year by more than 3,600 passengers. The July passenger number was up

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10 Aug 2015 06:39

fastjet Carries Record Number Of Passengers In July

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30 Jul 2015 16:08

DIRECTOR DEALINGS SUMMARY: Rolls-Royce CEO Buys After Profits Slump

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30 Jul 2015 10:49

DIRECTOR DEALINGS: Hexam Capital Sells 5.3% Stake In Fastjet

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29 Jul 2015 11:04

Fastjet Knows Of No Reason For Share Price Move, Says Trading In Line

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24 Jul 2015 08:38

BROKER RATINGS SUMMARY: Jefferies Cuts South32 To Hold From Buy

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17 Jul 2015 08:32

BROKER RATINGS SUMMARY: Investec Cuts Barclays To Sell From Hold

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