Ethiopian Airways Profits Than Others In Africa

Posted by: lukwago J in Business December 26, 2015

Ethiopian airways was announced recently that it’s the most profitable airline in Africa for fiscal year 2014 / 2015 with $175 million as profit, the Ethiopian airways company has made more money than other Airline giants such as South African Airways and Kenya Airways, which are reportedly said to have made loses.

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Its not the first time for the airline company to take the lead in profit making in Africa, but it’s a couple of years now, however, our plan was to make about 43 billion birr by 2015 but, last year’s revenue closed at 49.4 billion birr, according to the Ethiopian Airline Chief Executive Officer, Mr Gebremariam Tewolde.

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Ethiopian airways has increased its revenues through expanding its flight routes making it the most reliable and networked Airline company in Africa.

INTERNATIONAL SCHEDULED SERVICES BEGINNING WITH AFRICA:

Africa – 51 Cities

Abidjan, Abuja, Accra, Addis Ababa, Bahir dar, Bamako, Blantyre, Brazzaville, Bujumbura, Cairo, Cape Town, Cottonou, Dakar, Dar-Es-Salaam, Dire dawa, Djibouti, Douala, Durban, Entebbe, Enugu, Gaborone, Goma, Harare, Hargeisa, Johannesburg, Juba, Kano, Khartoum, Kigali, Kilimanjaro, Kinshasa, Lagos, Libreville, Lilongwe, Lomé, Luanda, Lubumbashi, Lusaka, Malabo, Maputo, Mekele, Mombasa, N’Djamena, Nairobi, Ndola, Niamey, Ouagadougou, Pointe-Noire, Seychelles, Yaoundé, Zanzibar.

America & Europe 7- 16 Cities

Brussels, Dublin, Frankfurt, Liege, London, Los Angeles, Madrid, Maastricht, Milan, Paris, Rome, São Paulo, Stockholm, Toronto, Vienna, Washington DC.

Gulf, Middle East & Asia – 25 Cities

Bahrain, Bangkok, Bangalore, Beijing, Beirut, Chennai, Dammam, Delhi, Doha, Dubai, Dubai World Center, Guangzhou, Hong Kong, Jeddah, Kuala Lumpur, Kuwait, Manila, Mumbai, Muscat, Riyadh, Seoul, Shanghai, Singapore, Tel Aviv, Tokyo.
[Coming soon: Ho Chi Minh in Vietnam ].

Nevertheless, the Airline giant is planning to purchase more aircrafts from its current 76 planes to at least 140 planes by 2025 aiming the profit target of more than $10 billion annually.

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