The airline was rescued from the brink of administration last year at the expense of its operations in Tanzania and now expects to turn a small profit this year.
In a trading update issued on Tuesday (30 July), the airline reported a post-tax loss of US $4.495 million, down from US $14.605 million this time last year.
Revenue, meanwhile, has increased 36% from US $14.5 million to US $19.7 million, largely driven by its acquisition last October of South African airline Fedair, which Fastjet said generated US $5.8 million new revenue, albeit offset by US $5.6 million fresh operating expenses.
