Fastjet increases Nairobi flights despite profit warning

British budget airline Fastjet PLC has increased the frequency of its flights between Nairobi and Dar.

Wednesday March 16 2016

The airline regulator has dived into the price war in the airline industry. PHOTO | FILE | NATION MEDIA GROUP

Fastjet Plane. PHOTO | FILE | NATION MEDIA GROUP 

By LILIAN OCHIENG'
More by this Author

British budget airline Fastjet PLC has increased the frequency of its flights between Nairobi and Dar, even as it also flies through management and financial storms.

The company which announced a profit warning citing challenges in its African operations will also see its CEO Ed Winter leave this week due to persistent pressure from a founding shareholder. The airline has increased the frequency to two daily returns between the two cities.

Sir Stelios Haji-Ioannou with a 12 per cent stake in the firm has accused the CEO Ed Winter of burning the company's funds saying the money won't last before the airline flies into cashflow problems.

Fastjet’s entry into Kenya sparked off price wars among regional airlines, KQ included. Kenya Civil Aviation Authority (KCAA) last month ordered the airline to include taxes in its fares saying it was pitching unfair competition within the market.

“We have always promised to increase the frequency on our route between Dar es Salaam and Nairobi as consumer demand grew for our affordable, safe, quick and on-time service,” said Jimmy Kibati, Fastjet general manager for East Africa.

SINGLE FLIGHT

The airline now opts to tap into the corporate clients who travel using early morning and late evening flights.

Its lowest fares inclusive of taxes are Sh13,200 one-way, slightly below its competitor’s KQ which charges at least Sh35,000 one way.

advertisement