Fastjet’s revenue increases over 10 first months of 2019

Low-cost African airline Fastjet has announced that its revenues for the first 10 months of 2019 stood at $34.1 million, up from the $28.3 million experienced in the same period last year. Fastjet has suspended its flight operations in Mozambique due to ongoing supply and demand challenges resulting in continued losses of $2.4 million in H1 2019, down from the $2.7 million posted in H1 2018 While the group’s FedAir operation remains resilient and is expected to be profitable for the year, this has been off-set by the continued volatility and uncertainty in the Zimbabwean market. Fastjet Zimbabwe has increased