5 Oct 2015 07:01
fastjet Plc
("fastjet" or the "Company")
5 October 2015
fastjet Passenger Statistics for September 2015
fastjet operations in Tanzania carried a total of 76,595 passengers in September 2015 and achieved a load factor of 64%. Compared with the same month last year, the number of passengers carried has increased by 33%.
Month on month, capacity on the fastjet route network rose by 15%. The Company's fourth aircraft joined the fastjet Tanzania fleet on 1 September allowing for the introduction of daily flights between Dar es Salaam and Johannesburg. On 14 September, the frequency of flights on other routes increased with 5 daily flights to Mwanza and 4 daily flights to Kilimanjaro now offered from Dar es Salaam as well as daily flights from Kilimanjaro to Mwanza, Lusaka and Harare.
Punctuality for the month remained excellent, with 93% of flights arriving on time Note 3.
Ed Winter, fastjet Chief Executive Officer, said: "As outlined in our interim results statement on 28 September, difficult trading conditions in Tanzania have placed pressure on revenues and load factors. In light of this, and a significant increase in capacity, we are pleased to have achieved a load factor of 64%.
"I am also delighted to report that we are in the final stages of the Air Operator Certificate application process in Zimbabwe, with the demonstration flight having been completed on 30 September."
Month ending | September 2015 | September 2014 | Change |
Passengers Note 1 | 76,595 | 57,709 | 33% |
Load Factor Note 2 | 64% | 74% | -10pp |
Rolling 12 months ending | September 2015 | September 2014 | Change |
Passengers Note 1 | 777,325 | 513,132 | 52% |
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 (excludes cancelled flights).
For more information, contact:
UK media - Citigate Dewe Rogerson | Tel: +44 (0) 20 7638 9571 |
Angharad Couch |
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Eleni Menikou |
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Nick Hayns |
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South African media - Tribeca Public Relations | Tel: +27 (0) 11 208 5500 |
Cian Mac Eochaidh |
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Kelly Webster |
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For investor enquiries please contact: |
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Liberum Capital Limited - Nominated Adviser and Joint Broker | Tel: +44 (0) 20 3100 2222 |
Clayton Bush | |
Christopher Britton |
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W.H. Ireland Ltd.- Joint Broker | Tel: +44 (0) 20 7220 1666 |
James Joyce |
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Mark Leonard |
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Sanlam Securities UK Limited - Joint Broker | Tel: +44 (0) 20 7628 2200 |
Simon Clements/Ken Williams |
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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. 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. Utilising its fleet of Airbus A319s, 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, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.
fastjet Plc is quoted on the London Stock Exchange's AIM Market.
For more information see www.fastjet.com