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 exceptional items, would have been $17.3 million. “Despite the impact of cyclones in Mozambique at the start of the current year and continued fuel protests and currency volatility ...

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