Ethiopian Airlines has reported a 14 percent increase in half-year revenue, underlining the carrier’s continued expansion and resilience despite persistent global aviation challenges.
Africa’s largest commercial airline said on Tuesday that it generated US$4.4 billion in revenue in the first half of its financial year, compared with the same period a year earlier. The performance was driven by the launch of new destinations, increased flight frequencies across key routes, and the addition of seven new aircraft to its fleet.
Speaking at a press conference in Addis Ababa, Chief Executive Officer Mesfin Tasew said the airline’s growth strategy remains firmly on track, supported by strong passenger demand, expanding cargo operations, and disciplined cost management. He noted that Ethiopian Airlines has continued to strengthen its position as a continental and global aviation hub by widening its network and improving connectivity between Africa and major international markets.
The carrier has in recent months added new routes in Africa, Asia, Europe and the Americas, while also increasing frequencies on high-demand corridors. This network expansion, combined with fleet modernisation, has helped the airline capture rising travel demand as international air traffic continues to recover.
Cargo operations also remained a significant contributor to revenue, benefiting from Ethiopia’s strategic location and the airline’s investment in logistics infrastructure. Ethiopian Airlines has positioned itself as a key player in global air freight, particularly for pharmaceuticals, perishables and e-commerce shipments.
Despite higher operating costs linked to fuel prices, maintenance, and global inflationary pressures, the airline said efficiency gains and economies of scale helped protect margins. Mesfin added that continued investment in training, technology, and customer service is central to sustaining long-term growth.
Ethiopian Airlines, which is wholly state-owned, has emerged as one of Africa’s most profitable carriers over the past decade, even as many regional airlines struggle with debt, aging fleets, and weak balance sheets. The company’s latest results reinforce its status as a standout performer in the global aviation industry.
Looking ahead, the airline said it plans to take delivery of additional aircraft, open more destinations, and deepen partnerships with other carriers as part of its broader Vision 2035 strategy to become one of the world’s top aviation groups.
Ethiopia, India implement visa waiver for diplomatic passport holders
