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GROWTH: An Ethiopian Airlines Airbus A350-941. Photo: REUTERS
GROWTH: An Ethiopian Airlines Airbus A350-941. Photo: REUTERS

Ethiopian Airlines posts 14% jump in full-year revenue

REUTERS
Ethiopian Airlines posted revenue of US$7 billion for its 2023/24 financial year, up from US$6.1 billion a year earlier, helped by higher passenger numbers, state-owned Ethiopian Broadcasting Corporation (EBC) reported yesterday.

The airline carried 17.1 million passengers in the same period, up 23%, the broadcaster quoted Ethiopian Airlines CEO Mesfin Tasew as saying at a results press conference.

Mesfin said the airline expects to carry 20 million passengers in the financial year that started in July and plans to add five new routes, the EBC reported.

Africa's biggest airline has also ordered 125 more planes, he said without disclosing further detail.

Last May, Mesfin said he expected the airline to transport 30% more passengers in the 2023/24 year, buoyed by new routes and a rebound in global travel.

- Reuters

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Republikein 2024-09-08

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Currie Cup: Hollywoodbets Sharks XV 24 vs 18 Vodacom Bulls | Airlink Pumas 14 vs 41 Toyota Cheetahs XV | Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Rugby Championship: Argentina 67 vs 27 Australia | Springboks 18 vs 12 New Zealand Katima Mulilo: 18° | 38° Rundu: 15° | 38° Eenhana: 15° | 38° Oshakati: 16° | 34° Ruacana: 16° | 34° Tsumeb: 19° | 33° Otjiwarongo: 14° | 32° Omaruru: 14° | 32° Windhoek: 13° | 29° Gobabis: 11° | 31° Henties Bay: 9° | 15° Wind speed: 20km/h, Wind direction: S, Low tide: 07:19, High tide: 13:46, Low Tide: 19:48, High tide: 02:00 Swakopmund: 11° | 12° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:44, Low Tide: 19:46, High tide: 02:00 Walvis Bay: 10° | 17° Wind speed: 28km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:43, Low Tide: 19:46, High tide: 02:00 Rehoboth: 9° | 30° Mariental: 9° | 27° Keetmanshoop: 8° | 23° Aranos: 8° | 29° Lüderitz: 9° | 29° Ariamsvlei: 6° | 22° Oranjemund: 9° | 26° Luanda: 21° | 22° Gaborone: 16° | 32° Lubumbashi: 18° | 36° Mbabane: 9° | 15° Maseru: 2° | 22° Antananarivo: 12° | 29° Lilongwe: 20° | 31° Maputo: 16° | 22° Windhoek: 13° | 29° Cape Town: 10° | 18° Durban: 13° | 15° Johannesburg: 14° | 27° Dar es Salaam: 23° | 30° Lusaka: 21° | 34° Harare: 17° | 30° Currency: GBP to NAD 23.39 | EUR to NAD 19.77 | CNY to NAD 2.52 | USD to NAD 17.84 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.18 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.86 | USD to AOA 920.38 | USD to BWP 13.26 | USD to EGP 48.39 | USD to KES 128.23 | USD to NGN 1620.02 | USD to ZAR 17.85 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1770.56 Down -1.47% | Casablanca Stock Exchange (CSE) MASI 13911.35 Up +0.04% | Egyptian Exchange (EGX) 30 Index 31029.7 Up +0.10% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 497.56/OZ DOWN -0.0079 | Copper US$ 4.04/lb DOWN -0.0194 | Zinc US$ 2 721.80/T DOWN -0.3% | Brent Crude Oil US$ 72.03/BBP DOWN -0.0187 | Platinum US$ 919.13/OZ DOWN -0.007 Sport results: Currie Cup: Hollywoodbets Sharks XV 24 vs 18 Vodacom Bulls | Airlink Pumas 14 vs 41 Toyota Cheetahs XV | Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Rugby Championship: Argentina 67 vs 27 Australia | Springboks 18 vs 12 New Zealand Weather: Katima Mulilo: 18° | 38° Rundu: 15° | 38° Eenhana: 15° | 38° Oshakati: 16° | 34° Ruacana: 16° | 34° Tsumeb: 19° | 33° Otjiwarongo: 14° | 32° Omaruru: 14° | 32° Windhoek: 13° | 29° Gobabis: 11° | 31° Henties Bay: 9° | 15° Wind speed: 20km/h, Wind direction: S, Low tide: 07:19, High tide: 13:46, Low Tide: 19:48, High tide: 02:00 Swakopmund: 11° | 12° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:44, Low Tide: 19:46, High tide: 02:00 Walvis Bay: 10° | 17° Wind speed: 28km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:43, Low Tide: 19:46, High tide: 02:00 Rehoboth: 9° | 30° Mariental: 9° | 27° Keetmanshoop: 8° | 23° Aranos: 8° | 29° Lüderitz: 9° | 29° Ariamsvlei: 6° | 22° Oranjemund: 9° | 26° Luanda: 21° | 22° Gaborone: 16° | 32° Lubumbashi: 18° | 36° Mbabane: 9° | 15° Maseru: 2° | 22° Antananarivo: 12° | 29° Lilongwe: 20° | 31° Maputo: 16° | 22° Windhoek: 13° | 29° Cape Town: 10° | 18° Durban: 13° | 15° Johannesburg: 14° | 27° Dar es Salaam: 23° | 30° Lusaka: 21° | 34° Harare: 17° | 30° Economic Indicators: Currency: GBP to NAD 23.39 | EUR to NAD 19.77 | CNY to NAD 2.52 | USD to NAD 17.84 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.18 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.86 | USD to AOA 920.38 | USD to BWP 13.26 | USD to EGP 48.39 | USD to KES 128.23 | USD to NGN 1620.02 | USD to ZAR 17.85 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1770.56 Down -1.47% | Casablanca Stock Exchange (CSE) MASI 13911.35 Up +0.04% | Egyptian Exchange (EGX) 30 Index 31029.7 Up +0.10% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 497.56/OZ DOWN -0.0079 | Copper US$ 4.04/lb DOWN -0.0194 | Zinc US$ 2 721.80/T DOWN -0.3% | Brent Crude Oil US$ 72.03/BBP DOWN -0.0187 | Platinum US$ 919.13/OZ DOWN -0.007