fastjet Passenger Statistics for June 2014

RNS Number : 5776L

Fastjet PLC

07 July 2014

 



fastjet plc

("fastjet" or the "Company")

7^th July 2014

fastjet Passenger Statistics for June 2014

fastjet plc is pleased to announce its passenger statistics for the month of June 2014.

fastjet operations in Tanzania carried a total of 53,386 passengers and achieved a load factor of 79%, representing a 24%  increase in passengers compared with the previous month. Compared with the same month last year, the number of seats has increased by 95%

Month on month, capacity has increased by 12% with 67,425 seats flown in June compared to 60,320 in May. Specifically, capacity on the Dar-es-Salaam to Mbeya route increased by 37% (June vs May) and Dar-es-Salaam to Mwanza by 16% (June vs May).

Punctuality for the month was excellent, with 91% of flights arriving on time ^{Note 3}  despite the increase in flights.

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

"I am delighted to see our capacity increasing as we maximise the utilisation of resources, particularly aircraft.  This month's 12% increase follows the 11% increase in capacity announced last month. These increases are in line with our plans to almost double utilisation between Q1 and Q3.

"I am particularly pleased that the number of flown passengers has increased by 24% compared with May, a great performance against a capacity increase of only 12%.  This, coupled with the 20% month-on-month increase in passengers announced for May, clearly demonstrates that we are continuing to stimulate the market and that fastjet's performance and reputation are valued by customers. We continue to cement our position as market leader in Tanzania."

As previously announced, as Fly540 passenger numbers are no longer viewed as relevant by the board  in evaluating the performance of the business, going forward, only fastjet passenger statistics will be published each month. 

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Month ending                                                   June 2014                            June 2013                            Change

Passengers ^{Note 1}                                               53,386                                   27,385                                   95%

Load Factor ^{Note 2}                                               79%                                           82%                                     3pp

Rolling 12 months ending                            June 2014                            June 2013                            Change

Passengers ^{Note 1}                                               434,179                                  195,758                               122%

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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

UK media - Citigate Dewe Rogerson                                                  Tel: [phone]

Angharad Couch

Eleni Menikou

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 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.  fastjet plc is also the holding company of Fly540, which operates in Kenya, Ghana and Angola.

The results of a recent 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 recent Drum Marketing Awards in London.

fastjet plc is quoted on the London Stock Exchange's AIM market.

For more information see www.fastjet.com 

 

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