Ethiopian Airlines Revenue Increases by 50.4%
Ethiopian Airlines, Ethiopia’s flag carrier, was able to earn record operating revenues registering a growth of 50.4% in the first
two quarters of the financial year according to Tewolde Gebremariam, Chief Executive Officer of the Airline.
The higher earning of the airline enabled it to absorb the 55% in increase and remain profitable in spite of a declining profit margin said Tewolde.
The growth registered by Ethiopia from July 8-Janury 9, the first six months of the Ethiopian financial year, is remarkable he said.
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established on 52 thousand square meters of land at a cost 45 million birr.
