Ethiopian Airlines has secured a net profit of 3.5 billion Birr in the 2014/2015 budget year, according to The Reporter.

Ethiopian has gained operating revenue of 49.4 billion Birr and operating profit of 4.7 billion Birr. It has made an operating profit of 46.5 billion Birr and a net profit of 3.15 billion Birr in the 2013/2014 budget year.

Ethiopian has transported 6.4 million passengers and 329,000 tons of cargo in 2015/2015 budget year. In the preceding budget year, it has transported six million passengers and 187,000 tons of cargo. Ethiopian is the largest cargo operator in Africa. In June 2014, International Air Transport Association (IATA) announced that Ethiopian is the largest airline in Africa in terms of revenue and profit.

CEO of Ethiopian Airlines Aviation Group, Tewolde Gebremariam told The Reporter that Ethiopian has been implementing its Vision 2025 successfully. “We have just completed the first phase (five years) of the 15 years strategic road-map. The results show that we have exceeded all our targets planned for the period,” he said.

Ethiopian revenue was only USD 0.49 billion in 2004/05 fiscal year. After ten years, it has increased its revenue by 500 percent to USD 2.42 billion in 2014/15.

Source: The Reporter