fastjet's January 2015 passenger statistics

RNS Number : 3537E

Fastjet PLC

09 February 2015

 

fastjet plc

("fastjet" or the "Company")

fastjet's January 2015 passenger statistics

fastjet operations in Tanzania carried a total of 55,695 passengers in January 2015 and achieved a load factor of 69%.  This represents a 78% increase in the number of passengers carried and a 9% increase in load factor compared with the same month last year,

On-Time Performance remained excellent at 94%^{Note 3}.

Commenting on the figures, Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc, said: "January is traditionally the month of the year when airlines see the lowest consumer demand. We are therefore very pleased with our trading figures as we build upon our market leading position in Tanzania. We have clearly demonstrated that our low-cost model is stimulating the market and encouraging more and more people to use our reliable and affordable flights rather than road transport."

Year-on-year, the 78% increase in passengers carried in January is well ahead of the 53% increase in number of seats flown, producing a strong uplift  in load factor.

fastjet launched its Spring flying programme last week featuring the commencement of the new route linking the two busiest destinations in the fastjet network (Kilimanjaro and Mwanza).

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Month ending                                      January 2015           January 2014                Change

Passengers ^{Note 1}                                       55,695                      31,258                      78%

Load Factor ^{Note 2}                                           69%                          60%                     +9pp

Rolling 12 months ending                   January 2015           January 2014                Change

Passengers ^{Note 1}                                     621,656                    370,835                      68%

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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

Toby Moore

Nick Hayns

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

Cian Mac Eochaidh

Kelly Webster

For investor enquiries please contact:

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James Joyce

Mark Leonard

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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