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fastjet expects operating loss of USD31m for 18 months to 31-Dec-2012

1-Apr-2013 8:08 AM

fastjet announced (28-Mar-2013) it expects to report revenues of USD32 million and an operating loss of no more than USD31 million for the 18 months ended 31-Dec-2012. The airline expects to report net assets of USD80 million, effective 31-Dec-2012. fastjet CEO Ed Winter said, "These results cover an extended 18 month reporting period up until 31 December 2013 [sic] during which the Company has rapidly grown its operations in Africa in mainly Angola and Tanzania. We have expanded the Company's route network significantly over this period and brought on a larger fleet to service the increased passenger loads we have experienced during this time of growth." [more - original PR]