fastjet Passenger Statistics for March 2014 - 17 April 2014

fastjet plc

("fastjet" or the "Company")

 17 April 2014

 fastjet Passenger Statistics for March 2014

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

 

fastjet operations in Tanzania carried a total of 34,536 passengers and achieved a load factor of 67%.  The average yield per passenger was $88 compared to $52 in March 2013.

 

Punctuality remained excellent with 90% of flights arriving on timeNote 5, despite some prolonged periods of extremely adverse weather conditions.

 

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

 

"These are very good results for the month of March considering that demand is  generally low at this time of year and that the peak Easter period falls in April.

 

This will be the last month when we announce our average per passenger yield as this information is increasingly becoming competitively sensitive in Tanzania.

 

Passenger numbers carried by the legacy Fly540 operations continue to decline, as expected, as we restructure those businesses."

______________________________________________________________________________         

All Operations Note 1

                                                                                                                                                                               

Month ending                                           March 2014                    March 2013                 Change

                                                                                               

Passengers Note 2                                        74,777                              72,247                          +3.5%  

                                                                                               

Rolling 12 months ending                    March 2014                    March 2013                  Change                                                                                         

Passengers Note 2                                       991,692                              779,219                          27.3%              _______________________________________________________________________________

fastjet Operations Note 4

                                                                                                                                                                               

Month ending                                            March 2014                    March 2013                Change

                                                                                               

Passengers Note 2                                         34,536                              28,672                           20%

Load Factor Note 3                                         67%                                  65%                              +2pp

                                                                                               

                                                                                                

Rolling 12 months ending                     March 2014                    March 2013                 Change                            

Passengers Note 2                                         385,766                           112,002                         244%

_______________________________________________________________________________

 

 

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

 

UK media - Citigate Dewe Rogerson                                                                                                          Tel: +44 (0) 20 7638 9571

Toby Moore

Eleni Menikou

 

South African media - Tribeca Public Relations                                                                                        Tel: +27 (0) 11 208 5500

Cian Mac Eochaidh

Kelly Webster

 

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 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 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.  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.

Posted on 17th April 2014