Fastjet’s first half loss widens to $30.5 million

Fastjet (Fastjet.com) (Dar es Salaam) reported today (September 29) its first half loss (through June 30) widened to $30.5 million (USD), including $13.9 million in losses in the associated Tanzanian operation. Fly540 Ghana and Angola had a $13.5 million adverse effect on the first half financial results. According to the carrier, “Fly540 Ghana and Fly540 Angola loss-making services remain suspended, with restructuring activity underway.”

Despite this loss, the low-fare airline has been expanding. Flights from Dar es Salaam, Tanzania to Lusaka, Zambia were launched in February 2014, from Dar es Salaam to Harare, Zimbabwe in August 2014 and from Dar es Salaam to Entebbe, Uganda on September 16, 2014.

The airline is filling a void left by the closure of Air Uganda.

Read the full financial report: CLICK HERE

Copyright Photo: Paul Denton/AirlinersGallery.com. Airbus A319-112 5H-FJC (msn 1145) taxies at Johannesburg (all others by Fastjet).

Fastjet: