Ethiopian Airlines Amasses USD 7 Billion in Revenue
Ethiopian Airlines has announced a strong performance for the 2023/2024 fiscal year, raking in USD 7.02 billion in revenue. This represents a 14% surge compared to the previous year.
Ethiopian Airlines has announced a strong performance for the 2023/2024 fiscal year, raking in USD 7.02 billion in revenue. This represents a 14% surge compared to the previous year.
Ethiopian Shipping and Logistics (ESL) generated a revenue of Birr 57.14 billion birr, surpassing its financial targets for the 2023/24 fiscal year by 20%. The company also achieved a profit of Birr 8 billion.
Ethiopian Airlines Group's maintenance and training division, Ethiopian MRO, has signed a Letter of Intent with ATR, a leading manufacturer of regional aircraft. This partnership, finalized at the Farnborough International Air Show 2024, aims to enhance Ethiopian MRO's capabilities in both ATR aircraft maintenance and pilot training.
Ethiopian Airlines has implemented a new policy requiring all foreign international passengers to purchase airline tickets in US dollars, effective July 8, 2024. Previously, foreign travelers could buy tickets using Ethiopian Birr while in Addis Ababa.
The Ministry of Transport and Logistics (MoTL) announced an increase in the use of locally stuffed container packing for the nation's export cargo. This strategic initiative has resulted in cost savings despite encountering challenges due to a shortage of containers.
