Fastjet Widens Annual Losses; South Africa Entry Set For 2020

Credit: Rob Finlayson
LONDON—African LCC fastjet expects to post a $41.2 million operating loss for 2018, nearly four times its $11.2 million prior-year loss, deepened by $23.9 million in one-off impairments from its December 2018 capital increase. Fastjet said its full-year loss from continuing operations, excluding the...

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