African low-cost carrier (LCC) Fastjet recorded a group loss after tax of $72 million for the year ended Dec. 31, 2014, compared to a restated post-tax loss of $55.2 million for the preceding year. Revenue reached $53.8 million, sharply up against last year’s restated figure of $26.1 million. Fastjet, which aims to become the first pan-African low-cost carrier, has made a loss since starting operations in 2012. However, according to interim chairman Clive Carver, the company’s ...

Subscribe to Access this Entire Article

"Fastjet widens losses in 2014" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.