Cash-strapped Fastjet forecasts marginal profit in 2019
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(Reuters) - Low-cost African airline Fastjet Plc reported a narrower first-quarter operating loss on Tuesday and said it expected to be marginally profitable in 2019, after a cash crunch nearly drove it into administration last year.The airline has faced numerous issues related to its dwindling cash pile and was saved from going under after striking a deal to raise funds late last year.Fastjet was also forced to divest operations in Tanzania, its home market, after battling tough trading..