Fastjet's (LON:FJET) latest passenger numbers revealed the Africa-focused budget airline is flying in the right direction.
In January its operations in Tanzania carried 31,241 passengers, achieving a load factor of 60%.
The average yield per passenger was US$88, compared with US$46 in the same month last year.
This gave total revenue of US$2.75mln, a 128% year-on-year rise based on a 27% rise increase in capacity.
fastjet also revealed its new Dar es Salaam to Lusaka route is
proving particularly popular with the Zambian passengers. All of its
flights out of Lusaka have been fully booked, and chief executive Ed
Winter said he is confident that this route will “grow substantially."
On the latest figures, he said: "I am very satisfied with our performance for January.
“The post-Christmas period is traditionally one of the slowest months
of the year but fastjet has avoided deep discounts and has successfully
focused on maintaining a strong yield.
“An average yield of US$88 per passenger exceeded our expectations
and the large growth in yield per passenger year-on-year clearly
demonstrates the strong, continuing development of the Tanzanian air
travel market and of the fastjet brand.”
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