Fastjet’s low-cost aircraft continue to fill up with
passengers as it unveiled another month of encouraging passenger statistics.In October, it carried a total of 33,778 passengers
in Tanzania, with the planes 70% full on average despite a 14% increase in
capacity.
The company also welcomed increased income from fees
for baggage, ticket changes, and in-flight sales, known as ancillary revenues,
which now account for 10% of total revenues, up from 7%.
Fastjet expects revenues to grow significantly after
the recent launch of its first international route between Dar es Salaam and
Johannesburg. Cargo is now being transported on that route, complementing the existing
domestic cargo service.
Ed Winter, the airline’s interim chairman and chief
executive, said: “We are very pleased to have achieved an average load factor
of 70% across the network in October, a traditionally weak month, and the month
we launched flights to Johannesburg from Dar es Salaam.
“Ancillary Services represent an important part of
the low-cost model and it is great to see this revenue stream now representing
10% of total passenger revenue.”
He continued: “Our in-flight retail contract is
performing very well and work is currently underway to offer a wider selection
of services such as accommodation, car hire and insurance which will support
this revenue growth.”
Winter added that cash in the bank and its equity
draw-down facility provide the company with enough working capital for “our
near term requirements as we continue to seek to address our longer term
funding requirements for further expansion next year”.
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