Strong year on year growth for FastJet PLC

 

Fastjet operations in Tanzania carried a total of 65,216 passengers in June 2015, with a load factor of 69%. Compared with the same month of 2014, the number of passengers carried increased by 23%.

Punctuality for June remained excellent, with 95% of flights arriving on time (Note 3) .

Ed Winter, Chief Executive Officer of fastjet plc, said: “I am delighted to report another month of strong year on year growth in numbers of passengers carried. This is particularly pleasing given the fact that June incorporated Ramadan, a period that reduces demand considerably. During the month we also introduced a new route linking Dar es Salaam, Tanzania with Lilongwe, Malawi and early sales are encouraging.

“As our fleet utilisation continues to improve I am also pleased to report our expansion plans are on track, with our fourth A319 aircraft shortly being flown to Harare in preparation for the planned launch of fastjet Zimbabwe services. We have also signed a Letter of Intent for our fifth A319 aircraft which, following painting and interior modifications, is due to be added to the fastjet Tanzania fleet for further expansion of that network.”

 
 Month ending         June 2015   June 2014   Change 
 Passengers Note 
  1                      65,216      53,232      23% 
 Load Factor 
  Note 2                    69%         79%    -10pp 
 Rolling 12 months    June 2015   June 2014   Change 
  ending 
 Passengers Note 
  1                     732,695     433,755      69% 
-------------------  ----------  ----------  ------- 

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).

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