August Operational Update

RNS Number : 9704M

Fastjet PLC

02 September 2013

 



2 September 2013

fastjet Plc

("fastjet" or the "Company")

August Operational Update

Ahead of the release of its monthly passenger statistics, fastjet, Africa's low cost airline, is pleased to report another strong trading month for August 2013 in Tanzania, continuing the trend of month-on-month revenue increases.

Passenger revenue¹ for August 2013 was over USD$2.7 million, representing a revenue increase of over 5% against the previous month and a USD$0.9 million (51%) increase since May 2013.

The figures can be attributed to a strong performance in passenger volumes with an 84% load factor and a record 33,000 passengers in the month.  Ancillary revenues² remained strong, representing 7% of total passenger revenue.

Ed Winter, Chairman and Chief Executive Officer of fastjet, said:

"Operational statistics for August show continued growth, demonstrating the strength of our brand and the support we are receiving from the Tanzanian population.  So far we have carried 260,000 passengers within Tanzania and with a total population of 48 million there are plenty more customers who can benefit from our services.

"We are excited at the prospect of launching our first international route, Dar es Salaam to Johannesburg, on 27^th September, a major milestone in the progress of fastjet Tanzania.  This combined with the recently announced addition of Mbeya to our network reinforces fastjet's position as the Tanzanian airline of choice.  We expect to be adding more international routes to our flying program in the near future."

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¹ Passenger revenue includes Ancillary Revenue

² Ancillary Revenues are revenue from non-ticket sources

For media enquiries please contact:

UK media - Citigate Dewe Rogerson                                                                Tel: [phone]

Eleni Menikou

Toby Moore      

South African media - Tribeca Public Relations                                           Tel: [phone]

Cian Mac Eochaidh

Kelly Webster

For investor enquiries please contact:

W.H. Ireland Ltd.                                                                                                       Tel: [phone]

James Joyce

Nick Field

NOTES TO EDITORS

About fastjet plc

fastjet plc is the holding company for African airlines Fly540, which operates in Tanzania, Kenya, Ghana and Angola. Flights under the fastjet brand commenced in Tanzania in November 2012. The airline has introduced Airbus A319s into its fleet and 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.

 

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