2 September 2013
("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 27th 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
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Cian Mac Eochaidh
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Posted on 2nd September 2013