Ethiopian Airlines recorded profitable growth in 2016

Published on : Monday, January 9, 2017

Ethiopian AirlinesAfrica’s largest Airline Group, Ethiopian Airlines, is pleased to announce that it has ended yet another year of fast and profitable growth in 2016, highlighted by fleet and network expansion as well as significant investment in customer services in the air and on the ground.

 

Recapping the Airline’s performance in 2016, Group CEO Ethiopian Airlines, Mr. Tewolde GebreMariam, said: “2016 has been an exceptionally challenging year for the African Aviation industry. Commodity exporting countries in general and oil exporting African countries in particular have been hit hard by the global decline of commodity prices. As a result, demand for air travel has been suppressed and the shortage of foreign exchange has severely affected the financial performance of airlines in the continent. Yet, at Ethiopian, we are very proud of the new heights Ethiopian has flown in the year: we celebrated our 70th anniversary, inaugurated the largest and the finest Aviation Academy in Africa and a state-of-the-art In-flight Catering facility which is the largest in the continent of Africa, introduced Africa’s first Ethiopian Airbus A350, and spread our wings to more countries on 5 continents.

 

“Despite the sluggish growth in the world’s matured market, all of our 12,000 colleagues remained focused on the robust execution of our vision 2025, which has proved to be a winning strategy in today’s hyper-competitive and complex airline business. We wish to thank our valued customers for their continued vote of confidence on our services and for making Ethiopian as their airline of choice.”

 

Major Diversification on the Core Fleet:

 

Ethiopian has increased its fleet by 8 aircraft in 2016 and has closed the year with 82 airplanes in service. For the first time in its history, Ethiopian has diversified to include Airbus aircraft,with  Africa’s first A350. With an average fleet age of just five years, Ethiopian has one of the youngest and most modern fleet in the world. Ethiopian has heavily invested in the two most technologically advanced fleet of our time; the B787 Dream Liner and the A350. With high performance, less carbon emission, advanced cabin features, and superior customer comfort, these airplanes are game changers in today’s civil aviation industry.

 

Efficient Network of Convenient connectivity

 

Living its motto of Bringing Africa Together and Closer to the World, Ethiopian has continued to connect the African continent with its major trading cities and markets. With connections as short as 30 minutes at our Addis Ababa hub airport, we offer the fastest travel time between Africa and the rest of the world for our customers. Both through our main hub in Addis and our regional hubs in Lomé (Togo) and Lilongwe (Malawi), we are connecting African brothers and sisters scale up tourism, trade and investment with in the continent. In 2016 we launched new international flights to the Comoros Islands, Windhoek, and Newark and domestic routes to Hawassa, Kebridahar and Dembidolo.

 

Ethiopian Cargo Services has also remained to be the largest cargo airline in Africa.

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