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Fastjet PLC

FJET.L

Latest Trade

0.13GBp

Change

0.00(0.00%)

Volume

78,449

Today's Range

--

 - 

--

52 Week Range

0.12

 - 

1.80

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
0.13
Open
0.12
Volume
78,449
3M AVG Volume
14.89
Today's High
--
Today's Low
--
52 Week High
1.80
52 Week Low
0.12
Shares Out (MIL)
3,800.82
Market Cap (MIL)
4.80
Forward P/E
--
Dividend (Yield %)
--

Next Event

Full Year 2019 Fastjet PLC Trading Statement Release

Latest Developments

More

Fastjet To Suspend All Zimbabwe's Flight Operations From March 27

Fastjet Says Overall Trading For First Two Months Of 2020 Has Been Slightly Below Expectations

Fastjet flags going concern doubt

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About Fastjet PLC

fastjet Plc is the holding company of airlines, such as fastjet Airlines Limited (fastjet Tanzania) and fastjet Zimbabwe. The Company is engaged in providing airline services. Its segments include Tanzania, Zimbabwe, Central and Angola. It operates approximately 10 routes to over 10 destinations in approximately six countries in Africa. Within Tanzania, the Company operates routes connecting Dar es Salaam to Mwanza, Kilimanjaro, Mbeya and Zanzibar, while in Zimbabwe it operates between Harare and Victoria Falls. It operates international routes from Tanzania to Kenya (Nairobi), South African (Johannesburg), Zimbabwe (Harare), Uganda (Entebbe) and Zambia (Lusaka). Its tickets are sold through travel agents, trade, Website bookings (desktop and mobile) and general sales agents, and in Tanzania, the Company runs its own sales offices. Its subsidiaries include Fastjet Aviation Limited, Fastjet Leasing PCC Limited, Fastjet Air TZ (BVI) Limited and Fastjet Leasing UK Limited, among others.

Contact Info

6th Fl, 60 Gracechurch Street

EC3V 0HR

United Kingdom

https://www.fastjet.com/en

Executive Leadership

Rashid Ahmed Wally

Non-Executive Chairman of the Board

Mark Hurst

Acting Chief Executive Officer

Richard Bodin

Interim Chief Operating Officer, Director

Kris Jaganah

Director

Key Stats

Price To Earnings (TTM)
--
Price To Sales (TTM)
0.21
Price To Book (MRQ)
0.98
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
81.90
LT Debt To Equity (MRQ)
69.35
Return on Investment (TTM)
-154.47
Return on Equity (TTM)
-94.69

Latest News

Latest News

BRIEF-Fastjet To Suspend All Zimbabwe's Flight Operations From March 27

* FASTJET PLC - TAKEN DECISION TO SUSPEND ALL OF FASTJET ZIMBABWE'S FLIGHT OPERATIONS FROM FRIDAY 27 MARCH 2020 UNTIL THURSDAY 16 APRIL 2020

Fastjet flags going concern doubt again as restructuring plan in jeopardy

Fastjet Plc <FJET.L> on Monday warned again that it would not be able to continue as a going concern if the South African low-cost carrier could not carry out its restructuring proposal by the end of March due to a shortage of funds.

Fastjet flags going concern doubt as talks to sell Zimbabwe unit ongoing

Fastjet Plc said on Monday it would not be able to continue as a going concern if the South African low-cost carrier could not carry out its restructuring proposal by the end of March.

Fastjet looks to sell Zimbabwe business in effort to survive till 2021

Fastjet Plc <FJET.L> said on Wednesday it is in talks to sell its Zimbabwean operations to a consortium led by its biggest shareholder Solenta Aviation for $8 million, a deal which could help the South African low-cost carrier stay alive until 2021.

Cash-strapped airline Fastjet's CEO to step down

Struggling low-cost African airline Fastjet Plc <FJET.L> said on Tuesday that after three years at the helm its Chief Executive Officer Nico Bezuidenhout would step down to re-join a business that he founded.

Fastjet's outgoing CEO to take top job at Mango Airlines

The outgoing top-boss of cash-strapped African airline Fastjet Plc Nico Bezuidenhout will join South African carrier Mango Airlines as chief executive officer, starting Oct. 1, Bezuidenhout told Reuters on Tuesday. (Reporting by Shariq Khan in Bengaluru; Editing by Bernard...

Fastjet CEO Nico Bezuidenhout to step down

Cash-strapped, low-cost African airline Fastjet Plc said on Tuesday Nico Bezuidenhout would step down as chief executive officer in September to re-join a business of which he was the original founding CEO.

INTERVIEW-Fastjet's hope for profit pinned on Zimbabwe currency - CEO

Low-cost African airline Fastjet Plc expects to be profitable on an underlying basis in 2019, Chief Executive Officer Nico Bezuidenhout said on Thursday, a year after a cash crunch nearly drove the carrier into administration,

Cash-strapped Fastjet forecasts marginal profit in 2019

Low-cost African airline Fastjet Plc reported a narrower first-quarter operating loss on Tuesday and said it expected to be marginally profitable in 2019, after a cash crunch nearly drove it into administration last year.

Fastjet expects to be marginally profitable in 2019

Low-cost African airline Fastjet Plc reported a narrower operating loss for its first quarter on Tuesday and said it expected to be marginally profitable in 2019, after a cash crunch nearly drove it into administration last year.

Crisis-hit Fastjet secures another extension on its loan agreement

Cash-strapped regional Africa airline Fastjet Plc said on Monday it has reached an agreement to further extend the repayment date on its unsecured loans.

UPDATE 1-Cash-strapped African airline Fastjet extends loan agreement terms

Cash-strapped low-cost African airline Fastjet Plc said on Friday it had managed to extend the terms of a loan to March 31.

Cash-strapped African airline Fastjet extends loan agreement terms

Cash-strapped low-cost African airline Fastjet Plc said on Friday it had managed to extend the terms of a loan to March 31.

Troubled Fastjet advised to suspend Tanzanian flights

Troubled low-cost African carrier Fastjet Plc said on Monday the directors of its Tanzanian operations had advised the airline to suspend all flights within the country.

Struggling Fastjet meets conditions to raise cash

Troubled low-cost African carrier Fastjet Plc <FJET.L> said on Thursday it had enough cash to operate until Dec. 21 and that it had met the conditions for an open offer and equity refinancing to raise funds.

Fastjet secures lifeline to continue operating for another week

Troubled low-cost African carrier Fastjet Plc said on Thursday it had enough cash to operate for just over another week, after its open offer and equity refinancing conditions were satisfied.

UPDATE 1-Fastjet has only enough cash to fly for a week

Troubled low-cost African carrier Fastjet Plc warned on Friday it may have to go into administration, shut shop or sell itself as it had only enough cash to keep it in business for another seven days.

Fastjet has only enough cash to operate for a week

Low-cost African carrier Fastjet Plc said it was capable of operating for another seven days, after the troubled airline planned for additional funds and equity refinancing in November to raise its equity capital by at least $40 million.

REFILE-UPDATE 2-African airline Fastjet reveals urgent need for more cash

Fastjet Plc's shares shed more than half of their value on Wednesday after the African budget airline said it needed more cash within a month for it to continue operating.

Fastjet flags dwindling cash resources, may end Tanzania operations

African airline Fastjet Plc said on Wednesday its available cash resources were minimal and said it was in talks with major shareholders regarding potential equity fundraising.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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