fastjet Posts Considerable Increase in Passenger Numbers

The month saw an increase in capacity of fastjet's operations in Tanzania of 11% month-on-month, with the number of passengers increasing by 20% month-on-month. All this despite May being a rainy month in Tanzania.

fastjet operations in Tanzania carried a total of 43,020 passengers and achieved a load factor of 71%, representing an increase in passenger numbers of 20.3% compared to the previous month, and 77.5% compared to the same month in the previous year.

Month on month, capacity has increased by 11%, with 60,320 seats flown in May compared to 54,230 in April. Capacity on the Dar-es-Salaam to Lusaka route has increased by 27% (May vs April); Dar-es-Salaam to Mbeya by 43% (May vs April) and Dar-es-Salaam to Mwanza by 23% (May vs March.)

Compared with the same month last year, the number of seats has increased by 68% and revenue by 81%.

Although May is typically wet in Tanzania, during the month, the country experienced much longer and heavier bouts of rain than normal for the time of the year. While this prolonged period of adverse weather did affect punctuality, 89% of flights still arrived on time, a 10% improvement on April.

"I am delighted to see our capacity increasing as we maximise the utilisation of resources, particularly our aircraft, as planned. We expect to announce further increases in capacity, including new routes, in the very near future," said Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc.

"The number of flown passengers has increased by 20% compared with April, against a capacity increase of only 11%. This demonstrates that we continue to stimulate the market and that our customers value fastjet's performance. We maintain our position of market leader across Tanzania," Winter continued.

As previously announced, Fly 540 operations in Ghana and Angola are suspended pending further restructuring. Consequently, passenger numbers carried by the legacy Fly540 operations continue to decline, as expected. As these businesses are being restructured, it has been decided that Fly540 passenger numbers are no longer relevant in evaluating the performance of the business. Going forward, only fastjet passenger statistics will be published each month.