Addis Ababa, August 31, 2022 (FBC) – Ethiopian Airlines, Africa’s leading Airlines, posted 5 billion USD in revenue this financial year, a 79% growth compared to last year.
Airlines’ profit grew by 90%, reaching USD 937 million despite the headwinds of worsening global economic outlook, rising fuel cost and global pandemic, Ethiopian Investment Holdings stated.
Ethiopian Airlines is working focus on improving capacity utilization, sustaining its customer centric culture and capabilities, monetizing current favorable market yields and becoming a leader in cargo service, and putting sustainability at the center of its operation, it is indicated.
Ethiopian Airlines thrived—despite global pandemic—without job losses and significant cancellation—thanks to its management agility and its commitment to ensuring long term cost leadership, proving the resilience of its strategy. The Airlines has transported 6.9 million international travelers last year alone.