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Home » Fastjet earnings hit turbulence on stiff competition
National Report

Fastjet earnings hit turbulence on stiff competition

written by Almot Maqolo, Staff Writer 0 comments
Since 2015, Fastjet has been growing its list of service routes which includes flights between Harare, Bulawayo, and Victoria Falls.
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STIFFER competition from new entrants in the local aviation space adversely impacted Fastjet Zimbabwe’s top line, subsequently plunging it into a US$4 million loss in 2023, the company’s latest annual report shows. According to the company’s delayed 2023 annual report, revenue rose marginally by 1,8 percent to US$50,9 million in 2023 from US$50 million in…

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