Ethiopian Group Earns 6.1 Billion USD in Fiscal Year

The Ethiopian Airlines Group announced today that it has earned 6.1 billion USD in the current Ethiopian fiscal year.

Ethiopian Airlines Group Chief Executive Officer, Mesfin Tasew said that the income of the group has shown 20 percent increment to that of same period last year.

The CEO recalled that the global economic slowdown, the impact of the Russian-Ukraine war and the increase in fuel prices have been challenges for the aviation sector in the financial year.

Yet, the airline succeeded in securing the stated 6.1 billion USD by transporting 13.7 million passengers and 723,000 tons of cargo in the fiscal year.

According to Mesfin, the airlines received 11 new passenger planes in the fiscal year, thus bringing the total number of passenger planes to more than 140.

On the other hand, the CEO said the airline converted 2 passenger planes into cargo planes, increasing the total to 15 in the fiscal year.

The performance is in line with the 2035 growth strategy, it was learned.

Moreover, Ethiopian started seven new international flight destinations, including Copenhagen, Atlanta, and Karachi during the budget year.

Source: Ethiopian News Agency

https://www.ethiopiaprobserver.com/ethiopian-group-earns-6-1-billion-usd-in-fiscal-year/