fastjet reports July 2014 passenger data

fastjet has announce its passenger statistics for July 2014, featuring a 69% increase in ‘sold seats flown’, but a 6 percentage point drop in the load factor.

The airline uses ‘sold seats flown’ (excluding infants) rather than ‘passengers carried’ as its bookings are generally non-refundable.

fastjet operations in Tanzania carried a total of 52,839 passengers and achieved a load factor of 73%. The respective figures for July 2013 were 31,275 and 79%.

Month-on-month capacity rose by 8% with 72,355 seats flown in July compared with 67,425 in June. Revenue per passenger was very strong with a 22% increase month-on-month. Punctuality for the month remained high with 94% of flights arriving on time, despite extra flights being added.

Ed Winter, chief executive officer and interim chairman of fastjet, commented, “I am delighted to see our capacity continue to rise as we maximise the utilisation of resources, particularly aircraft. This month's 8% increase follows the 12% increase in capacity announced last month and the 11% increase announced in May. This is in line with our plans to almost double utilisation between Q1 and Q3.

“August will see a further uplift in capacity with the introduction of flights to Harare in Zimbabwe, which have already moved from two to three flights per week following strong demand, and further additional frequencies on domestic routes,” Winter added. “I am particularly pleased that we have achieved such a high load factor and made significant unit revenue gains despite the fact that all but four days in the month fell within Ramadan, when both business and leisure activities decrease considerably.”

For the rolling 12 month period ending 31 July 2014, fastjet recorded 455,743 sold seats flown, compared with 227,033 in the 12-month period to the end of July 2013, a 101% increase.

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