Fastjet earnings hit turbulence on stiff competition

An interline agreement al­lows passengers to book jour­neys involving multiple airlines on a single ticket.

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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