• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Tuesday, May 17, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Cargo Keeps Ethiopian Airlines Profitable Despite Virus Disruptions

Mwakaneno GakwelibyMwakaneno Gakweli
July 1, 2020
in African News, Aviation
Reading Time: 2 mins read
Ethiopian Airlines

Ethiopian Airlines expects profits despite disruptions in operations from the pandemic, which have brought the aviation industry to its knees. Company CEO Tewolde Gebre-Mariam says that revenues from cargo services helped the carrier to generate revenue, as commercial flights stay grounded.

In an interview with Bloomberg, Gebre-Mariam reveals that that cargo revenue helped the carrier to service loans, pay aircraft leases, salaries and rent. These monthly payments total to between $120 million and $150 million.

“We may not be as profitable as we expected, but we registered some profit,” Chief Executive Officer Tewolde Gebre-Mariam said in an interview. “The first half of the year was good, and the cargo business has also done very well.”

ADVERTISEMENT

At the onset of the pandemic, the airlines doubled cargo capacity, converting 20 passenger planes for cargo, adding to its 10 Boeing 777s and 2 Boeing 737s it had for cargo. The airline established itself as a formidable cargo transporter between Africa and Asia. Ethiopian Airlines shifted to transporting Personal Protective Equipment (PPEs) and medical appliances from China to the world.

The airlines wants to become Alibaba’s official company in the continent.

Ethiopian Airlines to Resume Cautiously

However, earlier this week, the company announced plans to resume commercial flights. The company will reinforce protective measures to ensure the safety of both clients and staff. CEO Gebre-Mariam earlier said that clients would have to wear face masks on board, undergo health screening before boarding, and sanitize their carry on luggage. Further, reading materials like magazines and menus will not be available.

SEE ALSO: KLM and Emirates to Resume Flights in Tanzania by 15th July


Hisa App Hisa App Hisa App
Previous Post

Equity Group to Open a Non-operating Insurance Holding Company

Next Post

Global Markets News Headlines

Related Posts

nairobi

Nairobi Emerges The Only African City in Latest Global Cities Index

May 17, 2022

MTN to Roll Out 5G Network in Nigeria

May 17, 2022

SA Lender Ubank Put Under Administration

May 17, 2022

KAA Certifies Kisumu International Airport to Receive International Flights

May 17, 2022

Cost of Gas & Food Drives Nigeria’s Inflation to 8-Month High of 16.82%

May 17, 2022

Tanzania Seeks to Add 6,000MW Renewable Energy to its National Grid

May 17, 2022

Air Tanzania Signs Training MoU with Boeing

May 17, 2022

Safaricom to Raise $2 Billion for Funding of its Ethiopian Subsidiary

May 17, 2022
Load More
Next Post

Global Markets News Headlines

ADVERTISEMENT

Follow Us

  • 136.2k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

May
20
Fri
all-day Equity Group Book Closure
Equity Group Book Closure
May 20 all-day
 
all-day Stanbic Holdings Book Closure
Stanbic Holdings Book Closure
May 20 all-day
 
May
24
Tue
all-day BAT Kenya Payment of Final Dividend
BAT Kenya Payment of Final Dividend
May 24 all-day
payment of final dividend of kes 50.00
May
25
Wed
6:09 am Standard Chartered Dividend Payment
Standard Chartered Dividend Payment
May 25 @ 6:09 am – 8:30 pm
payment of final dividend of kes 14
May
26
Thu
all-day ABSA Bank Kenya Dividend Payment
ABSA Bank Kenya Dividend Payment
May 26 all-day
 
all-day I&M Group Final Dividend Payment
I&M Group Final Dividend Payment
May 26 all-day
 
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In