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Ethiopian Airlines earnings jump 20% in 2022/2023 fiscal year

June 15, 2023

Reuters
June 15, 2023

An Ethiopian Airlines plane is see after landing at the Nnamdi Azikiwe international airport in Abuja, Nigeria September 7, 2020. REUTERS/Afolabi Sotun

Ethiopian Airlines earnings jumped 20% to $6.1 bln in the 2022/2023 fiscal year, despite the impact of Russian-Ukraine war and the increase in fuel prices, the country’s state news agency reported on Thursday.

The airline transported 13.7 million passengers and 723,000 tons of cargo in the fiscal year, which ends on July 7, the company’s chief executive officer Mesfin Tasew said, according to the Ethiopian News Agency.

The state-owned carrier increased its fleet by 11 passenger planes, bringing the total to 140, and converted two into cargo planes, bringing the total number of cargo planes to 15, Mesfin said.

Ethiopian Airlines introduced seven new international destinations, including Copenhagen, Atlanta, and Karachi during the budget year.

Earlier this month Mesfin said the company was evaluating possible Airbus (AIR.PA) and Boeing (BA.N) wide-body plane orders and was expecting to make a decision by the end of the year.

Reporting by Hereward Holland; Editing by James Macharia Chege

2 Comments

  1. QUOTE: ” Ethiopian Airlines earnings jump 20% in 2022/2023 fiscal year, June 15,
    2023″ UNQUOTE

    Humble Reaction
    a) THE NEWS REPORT IS NOT A SURPRISE.
    b) THE ORGANIZATION OF ETHIOPIAN AIRLINE WAS ADMIRABLE, FROM
    THE BEGINNING . YES, FROM THE VERY BEGINNING.
    c) KEEP ON FLYING EAL, THE PRIDE OF ETHIOPIA, and the CONTINENT OF
    BLACK AFRICA.
    d) THAT IS THE WAY TO DO IT.
    e) AND AS THE ETHIOPIAN SAYING GOES >>> GOSH! GOSH! GOSH!
    f) NOTHING ELSE CAN BE SAID.
    —————————————————————
    FOOTNOTE
    Am I emotional ? Absolutely! YES, YES, YES WITH PRIDE…………
    By the way, I am NOT, and never have been, employee of EAL.

  2. To all of you who have been praying and predicting doomsday for this best of the best airline, this in your comely face!!! Go out and throw yourself down to your demise from the highest building you can find in your joint. This airline is fortunate enough to have the overqualified CEO Obbo Mesfin bin Tasew. United Airline would kill to get a CEO like this patriot. American Airline would start a nuclear war to find such genius as its CEO. I can’t believe you guys. Your hate to that gem of the color is so strong that you sit on your lazy lard asses and spin this and that just to quench your bigotry. I wish you were not even born. Take a friggin walk! Out of my sight!!!!

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