Passenger statistics for September 2015

RNS Number : 1588B

Fastjet PLC

05 October 2015

 



fastjet Plc

("fastjet" or the "Company")

5 October 2015

fastjet Passenger Statistics for September 2015

fastjet operations in Tanzania carried a total of 76,595 passengers in September 2015 and achieved a load factor of 64%.  Compared with the same month last year, the number of passengers carried has increased by 33%.

Month on month, capacity on the fastjet route network rose by 15%. The Company's fourth aircraft joined the fastjet Tanzania fleet on 1 September allowing for the introduction of daily flights between Dar es Salaam and Johannesburg. On 14 September, the frequency of flights on other routes increased with 5 daily flights to Mwanza and 4 daily flights to Kilimanjaro now offered from Dar es Salaam as well as daily flights from Kilimanjaro to Mwanza, Lusaka and Harare.

Punctuality for the month remained excellent, with 93% of flights arriving on time ^{Note 3}.

Ed Winter, fastjet Chief Executive Officer, said: "As outlined in our interim results statement on 28 September, difficult trading conditions in Tanzania have placed pressure on revenues and load factors.  In light of this, and a significant increase in capacity, we are pleased to have achieved a load factor of 64%.

"I am also delighted to report that we are in the final stages of the Air Operator Certificate application process in Zimbabwe, with the demonstration flight having been completed on 30 September."

Month ending	September 2015	September 2014	Change
Passengers Note 1	76,595	57,709	33%
Load Factor Note 2	64%	74%	-10pp
Rolling 12 months ending	September 2015	September 2014	Change
Passengers Note 1	777,325	513,132	52%

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:

UK media - Citigate Dewe Rogerson	Tel: [phone]
Angharad Couch
Eleni Menikou
Nick Hayns
South African media - Tribeca Public Relations	Tel:  [phone]
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:
Liberum Capital Limited - Nominated Adviser and Joint Broker	Tel:  [phone]
Clayton Bush
Christopher Britton
W.H. Ireland Ltd.- Joint Broker	Tel: [phone]
James Joyce
Mark Leonard
Sanlam Securities UK Limited - Joint Broker	Tel:  [phone]
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. 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

 

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