Ethiopian Airlines achieves record net profit

Published on : Tuesday, September 3, 2013

An-Ethiopian-Airlines-Boeing-787-Dreamliner-plane-2049042Ethiopian Airlines, the African carrier, has announced a record net profit of 2.03 billion birr (US $107.6 million) for the period from July 2012 – June 2013, up 178% from 734 million birr (US $39.2 million) year-over-year (YOY).

 

Operating profitability also rose a healthy 170% YOY to 2.7 billion birr (US $143.1 billion), from 1 billion birr (US $53.0 million). Ethiopian currently operates a fleet of 54 passenger aircraft (with 31 more on order – 14 Airbus A350-900s, 8 Boeing 787-8 Dreamliners, 4 Boeing 777-300ERs, and 5 Boeing 737-800s) serving 80 passenger destinations around the globe.

 

Based in Addis Ababa, Ethiopian is a member of the Star Alliance partnership of global airlines, and is one of the world’s fastest growing airlines.

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