Flies into profit
fastjet is a low-cost carrier in Africa that launched in Tanzania on 29th Nov, 2012. It flies 5 domestic routes and 4 international services.The encouraging recent update shows that not only have yields, aircraft utilisation and volumes increased dramatically, but also lower fuel prices hepled fastjet Tanzania into the black in December - generating an estimated EBITA of at least $0.5m on revenues in excess of $7m. Looking ahead, Q1'15 is also shaping up to be much better than last year, particularly since fastjet does not currently 'hedge' its oil requirements. Also, the company has just received notification from the Zambian Civil Aviation Authority that it had successfully completed 'Phase 1' of its application for an Air Operating Certificate. Meaning that the group is very much on track to launch its second subsidiary later this year. Our FY14 forecasts and 4.9p/share target price remain broadly unchanged. Additionally there still appears to be minimal impact from the ongoing Ebola crisis in West Africa.Fastjet is a pan-African low cost airline. Co. operates domestic and international routes in all economically viable African markets. As of Dec 31 2016, Co. had three aircraft, two Airbus A319s in Tanzania and one Solenta Embraer E145 in Zimbabwe. As of Dec 31 2016, Co. held two Air Operator Certificates in Tanzania and Zimbabwe and operated six routes.
Equity Development enables companies to become better understood and supported by investors. Since our launch in 1996 we have consistently focused on helping our clients improve their communication and relationships with both existing and potential shareholders. Our clients have come from a wide variety of sectors and domiciles, are both private and quoted and range in size from micro-cap to $multi-billions. We offer free access to company research notes written by experienced analysts. These notes include detailed forecasts, financial models and a fair value. We host regular Private Investor Forums at which investors have the opportunity to hear company directors present, and to ask questions. These are free to attend. We broadcast live Webinars with company management that include active Q&A. We also make the recordings available online. We arrange face to face meetings between private investors and company management. We are active users of Twitter, commenting daily on company news, share price moves, Directors’ Dealings, Equity Development Research Notes & Events.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.