Airline Issues Profit Warning

African budget airline Fastjet has issued its second profit warning in three months, causing shares in the carrier to drop by more than 35 percent Monday. The company has revealed it no longer predicts a “positive cash flow” in 2016, while, just one month ago, Fastjet co-founder Sir Stelios Haji-Ioannou said he was worried the company would run out of funds.

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[Photo: Fastjet]