(Posted 18th February 2024)
The Ethiopian Investment Holdings conducted a six-month performance review with the Ethiopian Airlines Group, revealing remarkable achievements.
As stated in the provisional statement, the Group exceeded its performance targets in almost all parameters, achieving 97% of total operating revenue, 104% of international passenger revenue, and 107% of net profit.
Notably, the aviation academy graduated 899 trainees from its basic schools in different capacities within the first six months. Additionally, the Group successfully attained 119% of its cost-saving target through structural and strategic initiatives.
The Group is extensively working on airline and airport infrastructure development projects, including the ordering of 84 Boeing and Airbus passenger aircrafts, the development and the continued expansion of regional airports in line with its targets.
Moving forward, the Ethiopian Airlines Group, Africa’s largest of its kind and in the top 20 in global terms, is determined to continue with its fast, profitable, and sustainable growth strategy by capitalizing on its current momentum to meet its targets for the upcoming six months.
