FASTJET’S bottom line is back in the black after the airline posted a profit of US$2,9 million for the year ended December 31, 2022, compared to a US$4,3 million loss in 2021.
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Global economic activity increased in 2022, as Covid-19 pandemic containment efforts were gradually reduced and the number of daily new infections trended lower.
Revenue for Fastjet Zimbabwe for the year rose 121,23 percent to US$50 million from US$22,6 million in the comparative period.
“This is higher than the pre-Covid-19 levels, which was at US$25,2 million for 2019,” Mark Hurst, Fastjet group chief executive officer, said in the company’s annual r
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