Fastjet earnings hit turbulence on stiff competition

Since 2015, Fastjet has been growing its list of service routes which includes flights between Harare, Bulawayo, and Victoria Falls.

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 2022…

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