Loss for fastjet

African low-cost carrier (LCC) fastjet has reported an operating loss after tax of $72 million for the year ended December 31, 2014, compared to a restated post-tax loss of $55.2 million for the prior year. The figure includes losses from Fly 540 Angola and Ghana $27.7 with less than $0.25 million of fastjet Plc cash used in these legacy operations. Income was also affected by impairments of $10.7 million intangibles and termination of easygroup management contract of $2.5 million. There was a restatement of 2013 financial statements in relation to the 2012 purchase of the Lonrho aviation business. The transaction