Ethiopian Airlines has announced that it moved 17.1 million passengers in the 2023-2024 financial year ended June 2024. This was an increase of 23 per cent and it included 13.4 million international travelers.
The airline has also announced that in this financial year, its annual revenue grew to Sh. 920 billion ($7.02 billion at Kenya shilling 131 per dollar). This revenue growth was equivalent to a 14 per cent increase from the previous 2022-2023 financial year.
During the financial year under review, Ethiopian Airlines transported 754,681 tonnes of cargo. The airline which is currently the largest airline in Africa flew 577,746 hours during the period under review. This was equivalent to a 19 per cent increase compared to its total flight hours reported during the previous year.
“With the addition of five international and three domestic destinations, the airline’s network expanded to 139 international and 21 domestic destinations, excluding the Addis Ababa Bole International Airport,” said Mesfin Tasew who is the chief executive officer of the Ethiopian Airlines Group.
“The airline’s performance is in line with its 2035 growth strategy, and we would put more emphasis on the addition of network expansion, infrastructure development, and human capital development, among others, to be more competitive internationally.”
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The new destinations that Ethiopian introduced in 2023 included Gatwick in the United Kingdom, Madrid in Spain, Bangui in the Centra African Republic, Freetown in Sierra Leone, and Maun in Botswana. The airline also introduced a new cargo route to Casablanca, Morocco.
Mr. Mesfin said that in the current 2024-2025 financial year that started in July, the airline is expecting to carry over 20 million passengers.