Ethiopian Airlines announced that it amassed a revenue of USD 5 billion during the 2021/2022 fiscal year. Out of the total revenue, the company gained a net profit of USD 937 million. It registered a 79% growth when compared to the 2020/2021 fiscal year.

The airline's success was registered despite global economic pressures that included rising fuel cost. The airline was also able to collect five international aviation awards during the past fiscal year.

According to Ethiopian Investment Holdings' (EIH) CEO Mamo Mihiretu, the airline became successful without job losses and significant cancellation of flights.

Ethiopian trasnported 6.9 million international travelers and flew 7,700 tons of commodities in the concluded fiscal year.

Ethiopian Airlines, the fastest growing airline in Africa, expects to recieve 13 new aircrafts including 10 B777 max and 2 Airbus A350 during the 2022/2023 fiscal year. The company's current fleet includes ultra-modern and environmentally friendly aircraft such as Airbus A350, Boeing 787-8, Boeing 787-9, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200, Boeing 737-800, Boeing 737-8, Freighter, Bombardier Dash 8-400 double cabin with an average fleet age of seven years.

Source: Ethiopian Press Agency

Additional source: Ethiopian Airlines