Hindsight is a wonderful thing. 12 months ago Fastjet Tanzania was riding a ‘crest of a wave’ having out-grown the capacity of its three A319s jets, raised $75m via a placing at 100p/share and delivered higher ticket prices, load factors and utilisation rates. All told, the company’s low-cost carrier (LCC) model was going down a treat with cashstrapped African travellers, who previously had to endure poorly connected and expensive air travel.
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Headwinds continue for longer than expected
- Published:
03 Jun 2016 -
Author:
Paul Hill -
Pages:
4
Hindsight is a wonderful thing. 12 months ago Fastjet Tanzania was riding a ‘crest of a wave’ having out-grown the capacity of its three A319s jets, raised $75m via a placing at 100p/share and delivered higher ticket prices, load factors and utilisation rates. All told, the company’s low-cost carrier (LCC) model was going down a treat with cashstrapped African travellers, who previously had to endure poorly connected and expensive air travel.