Ethiopian Airlines, Africa’s largest Airline Group, has registered a record net profit of 6.8 billion ETB ($244 million) for the fiscal year 2017/2018.
Its operating revenue grew by +43% from previous fiscal year to 89.1 billion Ethiopian birr (ETB)
Ethiopian introduced 14 new aircraft and opened 8 new international destinations, namely Geneva (Switzerland), Chicago (USA), Bahrain, Kaduna (Nigeria), Buenos Aires (Argentina), Kisangani and Mbuji-Mayi (Democratic Republic of Congo) and Nosy-Be (Madagascar).
The number of passengers Ethiopian carried grew by +21%, topping the 10 million mark for the first time in the airline’s history and reaching 10.6 million passengers.
Ethiopian reached and passed the 100th aircraft in service milestone during the year, becoming the first African airline in history to do so. It operates Airbus A350, Boeing 787-8, Boeing 787-9, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier Q-400 double cabin with an average fleet age of five years.