fastjet plc ("fastjet" or the “Company”)
8 December 2015
fastjet Passenger Statistics for November 2015 and Launch of new route
fastjet operations carried a total of 62,843 passengers in November 2015. The load factor for the month was 60%, down 3% on the prior month, primarily due to the prolonged effect of the presidential election in Tanzania, which has yet to result in a Cabinet being appointed or a budget being agreed. This has reduced demand from governmental and civil service traffic, and had an adverse effect on travel more widely in the country.
Severe weather in November led to a slight reduction in punctuality, with 84% of fastjet Tanzania flights arriving on time Note 3. However, 100% of fastjet Zimbabwe flights arrived on time, an excellent performance in its first month of operation.
During the month, fastjet also launched a new route between Dar es Salaam, Johannesburg and Zanzibar. Tickets for the new route are currently on sale, with operations commencing in January 2016 with daily flights between Dar es Salaam and Zanzibar.
Ed Winter, Chief Executive Officer of fastjet, said: “Whilst we remain mindful of the temporary reduction in demand in Tanzania, we expect that this will improve in the New Year when the political environment stabilises. Our “one day anniversary sale” on 30 November produced some excellent results, filling many seats into early 2016.
“We are delighted that fastjet Zimbabwe has been well received in its first month of operation. Passenger feedback has been positive and we look forward to expanding that network.
“The exciting launch of a new route between Dar es Salaam, Johannesburg and Zanzibar links the stunning island with two thriving commercial centres. Zanzibar, a year-round holiday destination, has recently enjoyed increased popularity, especially in South Africa. We expect to attract new passengers to fastjet in both Tanzania and South Africa with our affordable fares and reliable air services”.
Month ending November 2015 November 2014 Change
Passengers Note 1 62,843 63,146 -0.5%
Load Factor Note 2 60% 77% -17pp
Rolling 12 months ending November 2015 November 2014 Change
Passengers Note 1 790,950 569,031 39%
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 (0) 20 7638 9571
South African media - Tribeca Public Relations Tel: +27 (0) 11 208 5500
Cian Mac Eochaidh
For investor enquiries please contact:
Liberum Capital Limited – Nominated Adviser and Joint Broker Tel: +44 (0) 20 3100 2222
W.H. Ireland Ltd.– Joint Broker Tel: +44 (0) 20 7220 1666
Sanlam Securities UK Limited – Joint Broker Tel: +44 (0) 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 flying 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 "Brand Strategy of the Year" at 2014’s Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa 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 8th December 2015