Ethiopian Airlines Reports Strong Growth in Revenue and Passenger Traffic
Ethiopian Airlines, the largest airline in Africa, has reported strong growth in revenue and passenger traffic for the current fiscal year.
Ethiopian Airlines, the largest airline in Africa, has reported strong growth in revenue and passenger traffic for the current fiscal year.
Ethiopian Airlines aims to expand its fleet and network map. It currently has 140 aircraft and plans to add at least 130 more by 2035. The next round of aircraft orders will be a mix of narrow-body and wide-body aircraft, including the Embraer E2 series, Airbus A220, Boeing 737 MAX, Airbus A320neo, 777X, and A350-1000. The airline is also planning to expand its network to Australia, the Americas, and Europe and increase flights to Toronto and apply for traffic rights to Montreal.
The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) announced that it would start construction of dry port terminals in Hawassa and Jimma within the next few months. Expansion works are also underway on 8 existing dry ports to facilitate logistics and meet the demands of customers.
Brand Finance named Ethiopian Airlines the fastest-growing airline brand globally, as the company announced the world's top 50 most valuable and strongest airline brands. The company’s 2023 report on the most valuable and strongest airline brands shows that Ethiopian Airlines, which is Africa's largest passenger and cargo carrier, has experienced a growth of 79%. It values the brand of the Ethiopian flag carrier to be USD 498 million.
Ethio-Djibouti Standard Gauge Railway S.C. (EDR) revealed that it was expanding its services and increasing its capacity. The company has begun transporting medium and heavy trucks from Djibouti to Addis Ababa. Accordingly, 63 trucks arrived in the Ethiopian capital yesterday.
