Ethiopian Airlines ends 2020 fiscal year with profit due to its ‘agility’


Ethiopian Airlines, which celebrates its 75th anniversary this year, is one of only three airlines in the world to have made a profit in 2020 (fiscal year ending in June).

The Covid-19 pandemic hit the aviation sector hard with global cumulative losses reaching €103bn ($125.9bn), out of which €1.6bn was incurred by African airlines.

Ethiopian Airlines CEO, Tewolde GebreMariam, says the company “demonstrated agility, quick decision-making and resilience that have helped” in the face of falling passenger traffic, which, in Africa, registered a 69% drop in 2020 compared to figures from the previous year.

The airline is now the first on the continent to test the International Air Transport Association (IATA) health passport.


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