6 days ago
Ethiopian Airlines' revenue rises as it draws more passengers, adds routes
Ethiopian Airlines' revenue rose 8% in the 2024/25 financial year, helped by higher passenger numbers and additional routes although it faced challenges on some routes due to conflicts, chief executive Mesfin Tasew Bekele said on Tuesday.
The state-owned carrier, Africa's biggest airline, saw passenger numbers increase by 11% to 19-million in the financial year that ended July 7, Mesfin told a press conference.
Revenue rose 8% from a year earlier to $7.6bn (R137.15bn), but growth slowed from the 15% recorded in 2023/24.
"It was a good performance despite global challenges," Mesfin said, citing conflicts in Sudan, the Middle East and Democratic Republic of Cong o.
He added that some law changes in the US had affected the airline's operations there.
Ethiopian has a fleet of more than 150 aircraft. On Saturday it took delivery of its fourth Airbus A350-1000 plane.
