fastjet Passenger Statistics for October 2015 - 4 November 2015

Fastjet plc

(“Fastjet” or the 'Company')

4 November 2015

 

fastjet Passenger Statistics for October 2015

fastjet operations carried a total of 73,758 passengers in October 2015 and achieved a load factor of 63%. The amount of seats offered across the network has grown by almost 1000 compared to October 2014 23% increase in capacity). Due to the launch of fastjet Zimbabwe on la October 2015, the two flights that operated between Harare and Victoria Falls in October feature in the total aabove.

Punctuality for the month remained excellent, with 91% of fastjet Tanzania flights arriving on time, despite some severe weather that resulted in flooding across Tanzania.

Ed Winter, Chief Executive Officer of fastjet, said: “The load factor this month has been significantly affected by a change in market demand in Tanzania due to the Presidential elections. We expected a downturn in the few days leading to the election and on the day Itself. However, due to the unusually competitive nature of this year's elections, people tended to suspend travel plans until the inauguration. There have been no significant reports of civil unrest In the country and I am pleased to report that bookings are beginning to return to expected levels.

"I am also delighted with the successful launch of fastjet Zimbabwe. We have dearly captured the imagination of the Zimbabwean market having sold over 2,600 seats in a few short weeks on our first route which links Harare with Victoria falls. We are working hard on growing the network to and from Zimbabwe and our applications to operate to various regional countries have already been sent by the Civil Aviation Authority of Zimbabwe."

Note: as fastjet broadens its operations, exposing us to more competitors, the Company has decided for commercial reasons to ease reporting monthly passenger statistics with effect from January 2016, and will instead include updates in interim and end of year accounts.

Month ending

Oct-15

Oct-14

Change

Passengers

73,758

59,83

23%

Load factor

63%

74%

-11pp

Rolling 12 months ending

Oct-15

Oct-14

Change

Passengers

791,758

539,205

47%

 

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 (excludes cancelled flights).

For more information, contact:

Fastjet Plc                                                                                                      Tel: +44 (0) 20 3651 6307

Rose Herbert, Investor Relations Manager

 

UK media - Citigate Dewe Rogerson                                                             Tel: +44 10) 20 7638 9571

 Angharad Couch

Eleni Menikou

Nick Hayns

 

South African media -Tribeca Public Relations                                              Tel: +27 101111 208 5500

Clan Mac Eochaidh

Kelly Webster

 

For investor enquiries please contact:

Liberum Capital Limited- Nominated Adviser and Joint                                  Tel: +44 (0) 20 3100 2222

Broker

 Clayton Bush

Christopher Britton

 

W.H. Ireland Ltd.-Joint Broker                                                                         Tel: +4410) 20 7220 1666

 James Joyce

Mark Leonard

 

Sanlam Securities UK Limited - Joint Broker                                                  Tel: +-44 10) 20 7628 2200

Simon Clements/Ken Williams

 

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. fastjet Zimbabwe was successfully Launched in October

 

2015. By adhering to international standards of safety, quality, security and reliability: Fastjet has brought a new flight experience to the African market at unprecedented low prices. Utilising its fleet of Airbus A319s, 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.

The results of a 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, the award for “Bran Strategy of the Year” at 2014’s Drum Marketing Awards In London, and the Transport Innovator Award at the 8th Transport Awards 2015 in Johannesburg.

Fastjet Plc is quoted on the London Stock Exchange’s AIM Market.

For more information see www.fastjet.com

 

Posted on the 5th November 2015