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Ethiopia Airlines expects 30% increase in passenger traffic in current year, CEO reports – Medafrica Times


According to its CEO’s statement to Reuters, Ethiopian Airlines is prepared for a substantial increase in passenger traffic, expecting a 30% increase in the fiscal year ending in June, driven by route expansion and a resurgence in travel. global. Despite its status as Africa’s largest airline, it faces challenges including delays in aircraft deliveries and aircraft grounding due to engine shortages arising from supply chain disruptions. In particular, Boeing’s delay in delivering narrow-body airliners and suspension of wide-body flights for long-haul travel poses significant operational obstacles. However, Ethiopia Airlines does not operate the variant of Boeing’s MAX aircraft that faces safety issues, expressing confidence in Boeing’s ability to address such issues effectively.

With a fleet of 146 aircraft (below its optimal level of 150) due to delivery delays, the airline has firm orders for 70 Boeing and Airbus aircraft and options for 54 more, part of its ambitious plan to double the fleet. and the route network by 2035. Projecting a 400% increase in revenue and a 440% increase in passenger numbers by then.

In the first nine months of the current fiscal year, Ethiopian Airlines shows promising progress towards its growth goals, with passenger numbers indicating progress and a notable revenue increase of 20% to $7.3 billion. The airline’s expansion strategy includes the introduction of new destinations such as London Gatwick, Madrid and Bangui, while strengthening frequencies on existing routes. Additionally, it is investing in its cargo business, particularly with the launch of a $55 million e-commerce shipping handling facility in Addis Ababa, which serves the growing demand for e-commerce services across the African continent.