Fastjet expects to be marginally profitable in 2019
Share:
(Reuters) - Low-cost African airline Fastjet Plc reported a narrower operating loss for its first quarter on Tuesday and said it expected to be marginally profitable in 2019, after a cash crunch nearly drove it into administration last year.The cash-strapped company reported first-quarter underlying net operating loss of about $0.2 million (£154,000.15), excluding a one-off item of $6.2 million related to its Zimbabwe operations. Fastjet had posted a loss of $7.8 million a year earlier.