Fastjet posts interim results for H12016

Fastjet, the low-cost African airline, has posted an operating loss of $31 million for the six months to 30 June 2016, compared to a loss of $12.8 million in the year-ago period. After tax, the airline lost $15 million, compared to a profit of $6.4 million a year ago. Revenue was up slightly from $31.5 million in H1 2015 to $33.1 million. Passenger numbers rose 9% on H1 2015 to 398,593 (including fastjet Zimbabwe), but aircraft utilisation was down by 3% on H1 2015 to 10.1 hours during peak months. “The first six months of 2016 was a very difficult