fastjet gets off to a flying start
African low-cost airline fastjet carried more than 900 paying passengers of its first day of commercial flight operations yesterday, achieving an average booked load factor (a measure of how full planes are) each of 78 per cent.
African low-cost airline fastjet carried more than 900 paying passengers of its first day of commercial flight operations yesterday, achieving an average booked load factor (a measure of how full planes are) each of 78 per cent.
The company said that future demand for seats on the two initial routes - from Dar es Salaam to Mwanza, and Dar es Salaam to Kilimanjaro in Tanzania - is currently "far outstripping supply".
As such, additional flights to these destinations are already being considered and fastjet wants to expand its network regional over the coming weeks as the fleet grows to three Airbus A319s.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"fastjet is delighted to see how the people of Tanzania are embracing the Low Cost Carrier model. Yesterday was a huge success and a great way to start operations," said Chief Executive Ed Winter.
"We are pleased to see reservations and bookings continuing to grow. The demand for this type of air travel has far exceeded the company's expectations. Yesterday's passengers ranged from business people through to many first time flyers who were using fastjet as an economic alternative to conventional bus transport. Clearly, as predicted, our low cost model is stimulating a whole new market of people to fly."
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
A junior ISA could turn your child’s pocket money into thousands of pounds
Persuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
By Katie Williams Published
-
Cost of Christmas dinner jumps 6.5% as grocery price inflation rises again
The average Christmas dinner for four now costs £32.57 as grocery price inflation increases - but what does it mean for interest rates?
By Chris Newlands Published