Ethiopian Airlines has recently reported an increase in its operating revenue for its financial year that ended in June 2019.
Africa’s biggest airline, had its operating revenue increase by 17% in dollar terms. This was attributed to the increase in passenger numbers, which rose by 14%. The increase in operating revenues was able to offset the high fuel cost.
Despite the airline facing one of its hardest moments in March this year, where one of its Boeing planes crashed after take-off from Addis Ababa en route Nairobi, claiming all the 157 people on board, Ethiopian Airlines managed a consistent, fast, profitable and sustainable growth.
According to a statement by the Ethiopian Airlines Chief Executive Officer, the airline plans to buy 17 new passenger aircrafts and launch flights to 11 new destinations. He warned that there could be an economic slowdown attributed to the US-China trade war that is expected to negatively affect demand for air travel.