02:00 Mon 07 Mar 2016
Fastjet PLC - Trading Update
fastjet Plc
("fastjet" or the "Company")
Trading Update
fastjet (AIM:FJET),
Further to the operational update in
fastjet has already taken action to manage its operating costs and overheads and is implementing further measures including reducing capacity and rationalising the route network to align it with current demand.
Based on current management forecasts, the Board expects results for 2016 to be materially below market expectations and the Group no longer expects to be cash flow positive for the year.
The Board monitors the Company's cash position very carefully and with over
The Company remains confident in its low-cost airline model and is well positioned to capture the significant growth potential of the developing African aviation market.
ENDS
For more information, contact:
fastjet Plc |
Tel: +44 (0) 20 3651 6307 |
|
|
|
|
|
Tel: +44 (0) 20 7638 9571 |
|
|
|
|
|
|
|
|
South African media - Tribeca Public Relations |
Tel: +27 (0) 11 208 5500 |
Cian Mac Eochaidh |
|
|
|
|
|
For investor enquiries please contact: |
|
|
Tel: +44 (0) 20 3100 2222 |
|
|
|
|
|
|
|
Tel: +44 (0) 20 7220 1666 |
|
|
|
|
|
|
NOTES TO EDITORS
About fastjet Plc
fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in
The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in
fastjet Plc is quoted on the
For more information see www.fastjet.com
This information is provided by RNS
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE