Fastjet continues to see losses in first quarter 2019 results

Fastjet has incurred an operating loss of $41.2 million, wider than the $11.2 million seen last year, which it blamed on one-off exceptional items of $23.9 million arising from the capital raise performed in December 2018. The group also posted underlying net operating loss of around $0.2 million  on revenue of around $9.5 million, compared to a loss of $7.8 million on revenue of $13.8 million in the corresponding quarter of 2018. This figure is considerably less than results posted a year earlier, which saw a $7.8m million loss on revenue of $13.8 million. The company has said that the