16 January 2014

Tanzania: Fastjet Registers Record Revenue in December

FASTJET, a budget carrier, said total monthly revenue climbed by 20 per cent last December compared to the previous month, thanks to the Tanzania operations.

The airline said the revenue climbed to 3.6 million US dollars (5.7bn/-), exceeding a 3.0 million US dollars (4.8bn/-) mark for the first time since the start of operations.

FastJet Interim Chairman and Chief Executive, Ed Winter said a key contributing factor to December's strong performance was the Dar es Salaam to Mbeya route. "... The (Dar-Mbeya) route increased frequency from three to four flights per week on 1st December, and then to daily flights on 16th December.

"Our yield and total revenue figures for the month were excellent and the performance on our established routes during the important Christmas period was better than expected," Mr Winter said.

The airline said that the average yield per passenger was a record of 97 US dollars (155,200/-) compared to 50 US dollars (80,000/-) in December 2012, while it carried 37,458 passengers in the month and achieved an average load factor of 71 per cent.

He further said that, "the company's success to date shows that the African market will react very positively to the provision of reliable, safe and well-priced air transport."

On flights during December, he said achieved a 92 per cent on time departure record, which does allow for leaving up to 15 minutes late from the gate.

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