London — The Pan African low-cost airline Fastjet on Tuesday announced that its revenue this year has been reduced due to the two category 5 tropical cyclones that have hit Mozambique.
In a trading update, Fastjet also revealed that it has had to adjust its timetable and enter into an agreement with the national airline LAM in response to the entry of Ethiopian Airlines into Mozambique's domestic market. As a result, Fastjet and LAM have aligned schedules and removed duplication. These measures are expected to reduce Fastjet's trading losses over the rest of the year.
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