The Ethiopian Airlines (Ethiopian) has said the number of its passengers continues to increase and it carried more than 12.5 million passengers last Ethiopian fiscal year which ended July 7. Senior official of the airliner said.Despite facing its biggest challenges in years particularly in March this year when its flight crashed shortly after takeoff,the airlines remains profitable, said Tewolde Gebremariam, Group CEO of Ethiopian told journalists on FridayThe Ethiopian airlines operating revenue reportedly jumped nearly 30% in the year to July 31. Operating revenue jumped by 28.6% year on year to $3.9 billion. However, a sharp increase in jet fuel price at the global market slightly affected the profitability of the airlines, Tewolde saidThe CEO said more works will be undertaken in this Ethiopian fiscal year to increase the global comparativeness of the airlines. He said the airlines will invest more than 5 billion birr this fiscal year alone, including for expansion projects.

Source: Ethiopian News October 04, 2019 16:18 UTC