Ethiopian Airlines Posts $4.4 Billion Half-Year Revenue in Ongoing Expansion
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Ethiopian Airlines has recorded $4.4 billion in revenue for the first half of its current fiscal year. This figure represents a 14 percent increase over the same period in the previous fiscal year. The carrier continues to strengthen its position as Africa’s largest airline through sustained growth in fleet, network, and cargo operations.
Cargo volumes reached 451,000 tonnes during the period. This reflects a 19 percent year-on-year growth. Ethiopian Airlines remains the continent’s leading air cargo operator.
The airline added seven aircraft to its fleet. Additions include one Airbus A350-1000, two Airbus A350-900s, one Boeing 787-8, and three Boeing 737 Max 8s. These acquisitions contribute to maintaining one of the youngest fleets in Africa.
Three new international destinations were launched. These comprise Lisbon, Hanoi, and an additional route in the United Arab Emirates. The global network now serves 145 international destinations.
One new domestic route to Yabello was introduced. This brings the total number of local destinations to 23.
Capital expenditure totaled $302 million. This amount exceeds the planned $245 million by 23 percent. Investments focused on aircraft acquisition, infrastructure development, and support facilities.
The airline earned $2.5 million from aviation-related manufacturing. Revenue came from supplying components for Boeing 737 Max aircraft production.
Group CEO Mesfin Tasew noted that revenue performance surpassed internal targets. He acknowledged a more complex operating environment during the period.
Tasew emphasized ongoing international and domestic network expansion. The goal is to enhance connectivity and facilitate trade across regions.
Challenges included restrictive visa policies and global conflicts. Domestic security issues and weather-related disruptions also impacted operations.
Ethiopian Airlines continues fleet modernization efforts. These initiatives aim to improve operational efficiency and reduce costs. The carrier positions itself for further growth in passenger and cargo segments.
