African budget carrier fastjet reported a 2015 half-year net loss of $10.1 million, nearly halving the $20 million interim loss it posted in 2014. Fastjet warned its second half will be worse than originally forecast. “As a result of slower than anticipated route development and the impact of weak African currencies, in particular the Tanzanian shilling against the US dollar, we now expect trading in the second half of 2015 to be materially behind management’s expectations. The ...

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