Fastjet boosts fortunes with May traffic and revenue rise

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African low-cost carrier Fastjet grew revenues from its Tanzanian, Ghanaian, and Angolan operations last month.

Tanzanian revenues of $1.8 billion "were up approximately 50% compared with the start of the year", says Fastjet, which expects to start international flying from Dar es Salaam "shortly".

Meanwhile, Fastjet's Fly540 airline in Ghana grew passenger numbers 52% year-on-year, and added a quarter to revenues.

Between January and May, Fastjet grew Angolan revenues by two-thirds and passengers numbers by 63%. The airline says Angola is "traditionally a more challenging place to operate in", but nonetheless "is looking to increase the scale of its operation there as soon as practical".

In the 18 months to 31 December 2012, Fastjet incurred an operating loss of $53 million. Its business in Angola and Ghana were among those which "seriously underperformed", it has acknowledged.

Its Tanzanian operations were launched in November 2012.