fastjet (FN) has announced a USD24.9million EBIT loss for the first half of its 2013 Financial Year ended 30 June 2013. In its statement, the company said that its Tanzanian LCC is now profitable "on an underlying route level basis", though it did post operational losses of USD9.1million and USD4.2million in 1Q and 2Q of this year respectively.
Tuesday, October 1, 2013
Thursday, September 5, 2013
Air Seychelles (HM) has announced a strong second quarter (Q2) and half-year financial performance, reflecting continued solid growth and success in its turnaround strategy. Overall, during the quarter, the Seychellois national carrier posted total revenues of USD26.03 million (up from USD10.87million in 2012), a significant increase of 139%. Total revenues for the first half of 2013 reached USD42.05million (2012: USD18.76million), up by 124%.
Wednesday, August 28, 2013
Mozambique's national carrier, LAM - Linhas Aéreas de Moçambique (TM), has announced an 8% rise in its revenues for the first half of its 2013 Financial Year buoyed by the highest July passenger traffic the airline has seen since its inception in 1980, airline managing director, Marlene Manave, has announced.
Monday, August 12, 2013
Air Mauritius Group and Company have posted their results for Q1 of their 2013/2014 Financial Year which ended 30 June 2013 with losses of EUR8.1million (USD10.83million) and EUR8.3million (USD11.1million) respectively. Despite the red, the figures are an improvement on the same period for its previous financial year in which it posted losses of EUR10.2 million and EUR10.4 million respectively.
Monday, August 5, 2013
Kenya Airways (KQ) has released its Operations Report for the First Quarter of its 2013/14 Financial Year. Overall, the company put into the market place a total capacity of 3'464million seat kilometres which gives a year on year growth of 3.0%. During this quarter the airline successfully launched three weekly operations into Livingstone, the third destination in Zambia after Lusaka and Ndola.