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Ethiopian Airlines Group made a statement today announcing that in the last fiscal year, they achieved a total revenue of 7.02 billion dollars, marking a 14 percent increase compared to the same period of the previous fiscal year. This income is equivalent to more than 402 billion birr in Ethiopian currency.
The airline reported flying 577,746 flight hours, which represents a 19 percent increase from the previous record. They handled 17.1 million passengers during the fiscal year, with 13.4 million being international travelers and 3.7 million being domestic travelers.
“The demand for domestic flights has grown significantly,” said the general manager, noting that 2.7 million domestic travelers were handled last fiscal year.
Regarding cargo, the airline experienced a decrease compared to the same period last year, transporting 54,681 tons of cargo. The revenue from cargo was 1.65 billion dollars, reflecting an 8 percent decrease compared to the previous fiscal year.
Additionally, the general manager mentioned that a total of 125 aircraft have been ordered, in addition to the 20 previously ordered, noting a shortage of aircraft due to the non-availability of the planes ordered from Boeing.
I guess total expenses are 7.01 billion, which puts the revenue in a precarious position! Hmmm
Very good airline