3 Sep 2014 07:00
fastjet plc
("fastjet" or the "Company")
03 September 2014
fastjet Passenger Statistics for August 2014
fastjet plc is pleased to announce its passenger statistics for the month of August 2014.
fastjet operations in Tanzania carried a total of 65,489 passengers and achieved a load factor of 79%. Compared with the same month last year, the number of passengers carried has increased by 98%.
Month on month, capacity has risen by 15% with 83,085 seats flown in August compared to 72,355 in July.
Punctuality for the month remained excellent, with 94% of flights arriving on time (Note 3), despite having added extra flights.
Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc, said:
"I am delighted to see our capacity continue to rise month on month as we maximise the utilisation of resources, particularly aircraft. This month's 15% increase of seats flown has resulted in a 67% improvement in aircraft utilisation since March 2014. At the end of August, aircraft utilisation reached 9.9 hours per aircraft per day, up from 5.9 hours in March 2014, bringing us closer to reaching our goal of 11.7 hours. September will see a further uplift in capacity with the introduction of flights to Entebbe in Uganda."
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Month ending August 2014 August 2013 Change
Passengers Note 1 65,489 33,023 98%
Load Factor Note 2 79% 83% -4pp
Rolling 12 months ending August 2014 August 2013 Change
Passengers Note 1 488,046 260,056 88%
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Notes:
1. "Passengers" are sold seats flown, excluding infants. Fastjet bookings are generally non-refundable.
2. "Load Factor" is the number of 'passengers" as a percentage of the number of available seats flown.
3. "on time" - arrival earlier than or within 15 minutes of schedule
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NOTES TO EDITORS
About fastjet plc
fastjet plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. The airline introduced Airbus A319s into its fleet. By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline. The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet and the award for "Brand Strategy of the Year" at the Drum Marketing Awards in London.
fastjet plc is quoted on the London Stock Exchange's AIM market.
For more information see www.fastjet.com