fastjet Passenger Statistics for July 2014

RNS Number : 7198O

Fastjet PLC

11 August 2014

 



fastjet plc

("fastjet" or the "Company")

11^th August 2014

fastjet Passenger Statistics for July 2014

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

fastjet operations in Tanzania carried a total of 52,839 passengers and achieved a load factor of 73%.  Compared with the same month last year, the number of passengers carried has increased by 69%.

Month on month, capacity has risen by 8% with 72,355 seats flown in July compared to 67,425 in June.  Revenue per passenger was very strong with a 22% increase month on month.

Punctuality for the month remained excellent, with 94% of flights arriving on time ^{Note 3} , despite the extra flights.

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

"I am delighted to see our capacity continue to rise as we maximise the utilisation of resources, particularly aircraft.  This month's 8% increase follows the 12% increase in capacity announced last month and the 11% increase announced in May. This is in line with our plans to almost double utilisation between Q1 and Q3.  August will see a further uplift in capacity with the introduction of flights to Harare in Zimbabwe, which have already moved from two to three flights per week following strong demand, and further additional frequencies on domestic routes.

I am particularly pleased that we have achieved such a high load factor and made significant unit revenue gains despite the fact that all but four days in the month fell within Ramadan, when both business and leisure activities decrease considerably. "

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Month ending                                                   July 2014              July 2013                        Change

Passengers ^{Note 1}                                                   52,839                    31,275                            69%

Load Factor ^{Note 2}                                                      73%                         79%                           -6pp

Rolling 12 months ending                            July 2014                July 2013                         Change

Passengers ^{Note 1}                                               455,743                  227,033                            101%

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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

UK media - Citigate Dewe Rogerson                                                       Tel: [phone]

Angharad Couch

Eleni Menikou

South African media - Tribeca Public Relations                                  Tel: [phone]

Cian Mac Eochaidh

Kelly Webster

For investor enquiries please contact:

W.H. Ireland Ltd.                                                                                              Tel: [phone]

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 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 

 

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