fastjet Passenger Statistics for January 2014 - 14 February 2014

fastjet plc

("fastjet" or the "Company")

14th February 2014

fastjet Passenger Statistics for January 2014

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

fastjet operations in Tanzania carried a total of 31,241 passengers and achieved a load factor of 60 per cent.  The average yield per passenger was $88, compared to $46 in January 2013.  Total revenue for the month was $2.75m, a 128 per cent increase from January 2013 with only a 27 per cent increase in capacity.

The passenger numbers carried by the legacy 540 businesses, particularly in Angola, continued to fall year-on-year as those businesses undergo significant restructuring.

Punctuality remained outstanding with 97 per cent of flights operating on time. Note 5

Ed Winter, interim Chairman and Chief Executive Officer of fastjet, said:  "I am very satisfied with our performance for January. The post-Christmas period is traditionally one of the slowest months of the year but fastjet has avoided deep discounts and has successfully focussed on maintaining a strong yield.  An average yield of $88 per passenger exceeded our expectations and the large growth in yield per passenger year-on-year clearly demonstrates the strong, continuing development of the Tanzanian air travel market and of the fastjet brand.

Our new Dar es Salaam to Lusaka route is proving particularly popular with the Zambian people.  All our flights out of Lusaka have been fully booked and I am confident that this route will grow substantially."

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All Operations Note 1

                                                                                                                                                                            

Month ending                                                   January 2014                 January 2013                                  Change

                                                                                              

Passengers Note 2                                               79,741                                 83,122                                          -4.1%

                                                                                              

Rolling 12 months ending                                January 2014                 January 2013                                  Change                                                                                         

Passengers Note 2                                               983,678                                 729,544                                      34.8%

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fastjet Operations Note 4

                                                                                                                                                                               

Month ending                                                   January 2014                 January 2013                                 Change

                                                                                               

Passengers Note 2                                               31,241                                   25,931                                              20%

Load Factor Note 3                                               60%                                           63%                                               -3%

                                                                                               

                                                                                               

Rolling 12 months ending                                 January 2014                 January 2013                                 Change

                                                                                               

Passengers Note 2                                               370,789                      57,343                                                  N/A

_______________________________________________________________________________

Notes:

1.    "All Operations" includes statistics for fastjet Tanzania, Fly540 Kenya, Fly 540 Ghana and Fly540 Angola.

2.    "Passengers" for 540 operationsare flown passengers and for fastjet operations are sold seats flown, in both cases excluding infants.  Fastjet bookings are generally non-refundable whereas 540 bookings are in some circumstances refundable.

3.    "Load Factor" is the number of 'passengers" as a percentage of the number of available seats flown. 

4.    "fastjet Operations" includes only statistics for Fastjet Tanzania operations which commenced on 29thNovember 2012

5.    "on time" - arrival earlier than or within 15 minutes of schedule

 

For media enquiries please contact:

UK media - Citigate Dewe Rogerson                                                       Tel: +44 20 7638 9571

Angharad Couch

Eleni Menikou

South Africa media – Tribeca Public Relations                                      Tel: +27 11 208 5521

Cian Mac Eochaidh

For investor enquiries please contact:

W.H. Ireland Ltd.                                                                                        Tel: +44 20 7220 1666

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

Posted on 14th February 2014