Fastjet PLC Operational Update (4154G)
June 06 2013 - 1:00AM
UK Regulatory
TIDMFJET
RNS Number : 4154G
Fastjet PLC
06 June 2013
fastjet plc
("fastjet" or the "Company")
Operational Update
fastjet, Africa's low cost airline, ahead of the release of its
monthly passenger statistics is pleased to report its best month of
trading to date across the entire Group.
Tanzania
Passenger sales records for the fastjet operation were
comfortably beaten in May. Revenues, in excess of US$1.8m for the
month, were up approximately 50 per cent compared with the start of
the year. Revenue per passenger has increased by 62 per cent since
the beginning of 2013 and load factor* rose 11 per cent in May
compared to April. This performance is expected to continue into
June.
These encouraging figures show that the Tanzanian public has
fully embraced the low cost airline model and fastjet has
successfully stimulated a new market in Tanzania. Six months since
launch, fastjet is regularly flying profitably (more than covering
direct operating costs). in Tanzania, and is expecting to commence
flights on international routes from Dar es Salaam shortly.
Ghana
The Fly540 operation in Ghana has also made significant progress
in terms of passenger loads and revenues. The number of passengers
booked to travel in May saw an 11 per cent increase against the
previous month and the operation has also seen a 52 per cent
increase in passenger numbers compared with May 2012, a 25 per cent
increase in revenue, and an exemplary operational record of
reliability.
We are also seeing a significant change in consumer behaviour
with a 398 per cent increase in web based sales so far in 2013
versus the whole of 2012.
Angola
Traditionally a more challenging place to operate in, fastjet's
Angolan business has achieved its highest passenger sales figure
since the start of operations in January 2011 with a 63 per cent
increase in passenger numbers in the last five months, and a
corresponding revenue increase of 66.5% per cent between January
and May. Month on month passenger growth between April and May was
38%.
fastjet is training more Angolan pilots than ever and is looking
to increase the scale of its operation there as soon as
practical.
Ed Winter, Chief Executive Officer of fastjet said: "May has
been an excellent month for the Group. The Tanzanian operation has
seen a real growth in passenger sales revenues. This suggests that
we have captured the hearts and minds of the Tanzanian public and I
am delighted that we are now firmly the "airline of choice" on all
of the routes we currently operate."
"Our continued growth in both Angola and Ghana is enormously
pleasing. Simply put, we are carrying more passengers, enjoying
increased yields and an ever improving level of dispatch
reliability in each of these operations.
"Since the start of the year, we have grown the business
substantially in the face of challenges. Our prospects in each of
our operations look very positive and our aim to become Africa's
first low cost carrier is well on its way to becoming a
reality."
*the average percentage of seats sold on each operating
aircraft
For media enquiries please contact:
UK media - Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
Angharad Couch
Eleni Menikou
For investor enquiries please contact:
W.H. Ireland Ltd. Tel: +44 (0) 20 7220 1666
James Joyce
Nick Field
NOTES TO EDITORS
About fastjet plc
fastjet plc is the holding company for African airline 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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