African low-cost carrier (LCC) Fastjet recorded a 2016 first-half $15 million net loss, reversed from a net profit of $6.4 million for the year-ago period. First-half revenue rose slightly to $33.1 million compared to $31.5 million last time. “The first six months of 2016 was a very difficult and challenging time for Fastjet,” new CEO Nico Bezuidenhout said. “While positive developments included the launch of Fastjet flights between Harare and Johannesburg, adverse ...

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