2merkato

Ethiopian Airlines has registered rapid and profitable growth in the past two years in spite of the global economic crisis and periodic increases in petroleum price.

The increase in petroleum prices, the global economic crisis and political instability in the Middle East has been a significant challenge for other airlines according to the Public Relations and Communication Service of the airline.  

Ethiopian Airlines managed to remain profitable and competitive during this financial year by synchronizing its services with the demand market and offering favorable flight conditions for passengers.

Ethiopian Airlines Group has transported 50 million doses of vaccine to more than 28 countries across the globe, being the only African carrier to reach such a milestone playing a crucial role during this difficult time, the airline said in a press release sent to 2merkato.com.

Ethiopian Airlines, Ethiopia’s flag carrier, is taking steps to economize to save up to one billion birr to ward of operational difficulties due to a significant increase in expenditure following a sudden increase in international fuel prices according to sources.

The measures to be adopted by the airline include seeking employees to relinquish a percentage of their salaries, soliciting free over time service, increasing customers, reducing waste, offering maintenance service for other airlines, and negotiating a reduction on the lease paid on rented aircraft.

Ethiopian Airlines, Ethiopia’s flag carrier, has delayed its plans to offer cargo forwarding services to the horticulture sector.

The delay, expected to last at least up to April followed complaints by exporters at the higher rates being proposed by the airline taking over from the current operators.

The Airline proposed to charge growers 1.82 US dollars for every kilo which was higher then the 1.72 US dollars previously being charged by the Ethio-Horticultre Cooperative offering forwarding services in the past according to sources.

Ethiopia’s flag carrier is in talks with Rwandan and the Republic of Congo over purchasing stakes and also managing their carriers. This was disclosed by the Tewolde Gebremariam, Chief Executive Officer of Ethiopian Airlines Group, to Reuters.