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Home  >  Ethiopian Airlines  >  Africa’s Strongest Airline Grows 21% In One Year
Ethiopian Airlines

Africa’s Strongest Airline Grows 21% In One Year

Matthew Klint Posted onAugust 15, 2018August 15, 2018 1 Comment

Africa’s largest and most profitable airline transported 21% more passengers this year than last year. And that’s just one measure of the carrier’s rapid growth.

The 2017-18 fiscal year just ended for Ethiopian Airlines and the numbers are impressive. Highlights include:

  • 21% growth in passenger traffic
    • 10.6MN passengers transported
  • 18% growth in freight traffic
  • 43% growth in operating revenue (3.2BN USD)
  • Net profit of $245MN USD
  • Fleet surpassed 100 aircraft

The carrier took delivery of 14 new aircraft over the last year, averaging more than one per month. New routes included:

  • Manama (Bahrain)
  • Buenos Aires (Argentina)
  • Chicago (USA)
  • Geneva (Switzerland)
  • Kaduna (Nigeria)
  • Kisangani (Democratic Republic of Congo)
  • Mbuji-Mayi (Democratic Republic of Congo)
  • Nosy-Be (Madagascar)

What’s Next

All this growth came with fuel prices rising 30%. In the coming fiscal year, the carrier will continue to grow its fleet and introduce a larger and more luxurious airport terminal in Addis Ababa (ADD), the carrier’s home. Ethiopian CEO Tewolde Gebremariam told ATW this would include “greatly enhanced” ground customer service.

And that could not come sooner. I transited through Addis last year and noted the airport was in great need of an update.

> Read More: Addis Ababa (ADD) Transit Guide

Furthermore, the carrier may soon manage (effectively taking over) Nigeria’s planned new state carrier. This is in addition to airline investment in Chad, Djibouti, Equatorial Guinea, and Mozambique.

> Read More: How Africa’s Largest Airline Exercises Strategic Influence

CONCLUSION

Ethiopian’s growth is all the more impressive considering rising oil prices. The carrier offers a consistent and excellent onboard product (though the lack of wi-fi kills me). You can read a trio of my business class reviews here.

image: Anna Zvereva / Wikimedia Commons

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About Author

Matthew Klint

Matthew is an avid traveler who calls Los Angeles home. Each year he travels more than 200,000 miles by air and has visited more than 135 countries. Working both in the aviation industry and as a travel consultant, Matthew has been featured in major media outlets around the world and uses his Live and Let's Fly blog to share the latest news in the airline industry, commentary on frequent flyer programs, and detailed reports of his worldwide travel.

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1 Comment

  1. Jamie Reply
    August 15, 2018 at 1:46 pm

    Very solid airline and network. Very underrated unfortunately because it’s an African airline.

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