Ethiopia Airlines is Africa’s leading airline in terms of fleet and passengers – far ahead of EgyptAir and Kenya Airways. It was one of the few worldwide to have remained afloat during the COVID-19 pandemic without public bailouts or redundancies.
Now the airline finds itself facing new difficulties in a swiftly changing landscape, as CEO Mesfin Tasew, who was appointed to the role in March 2022, explains.
According to Mesfin, the 2022-2023 financial year – which ended on 30 June – “was a very prosperous year.”
“We carried 13.7 million passengers, 57% more than the previous year and 10% more than before Covid [as well as] 740,000 tonnes of freight, twice as much as before Covid,” says Mesfin.
Ethiopia’s state-owned airline, which boasts of being the only profitable airline in Africa, generated “6.1 billion dollars in turnover, an increase of 20% on the previous financial year and almost 50% on the pre-Covid period” Mesfin says, showing that “we have fully recovered from the impact of Covid”.
Source: Africa News
