Fastjet earnings hit turbulence on stiff competition

Since 2015, Fastjet has been growing its list of service routes

Advertisements 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.Advertisements 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…

Subscribe to read full article. Subscribe today

Related posts

ZiG premium to drop below 20 percent

Bank deposits soar on growing confidence

Loan defaults pressure microfinance firms

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More