1-Apr-2013 8:08 AM

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

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]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More