CEO of Ethiopian Airlines reports a 30% increase in passengers this year

Ethiopian Airlines Expects 30% Increase in Passengers Despite Challenges

Ethiopian Airlines is anticipating a 30% increase in passengers for the year ending in June, compared to the previous year, according to the airline’s chief executive, Mesfin Tasew Bekele. This growth is attributed to the introduction of new routes and a resurgence in global travel.

Despite this positive outlook, the airline is facing challenges such as delayed aircraft deliveries and the grounding of some planes due to engine shortages caused by disruptions in the supply chain. Mesfin highlighted the impact of delayed deliveries from Boeing, particularly affecting narrow-body passenger jets, as well as the grounding of wide-body aircraft used for long-haul flights.

Ethiopian Airlines, which carried 13.9 million passengers in the previous year, currently operates a fleet of 146 Boeing, Airbus, and De Havilland planes, below its ideal level of 150 due to the delivery delays. The airline has firm orders for 70 Boeing and Airbus planes, with plans to double its fleet and route network by 2035.

Despite these challenges, Ethiopian Airlines remains optimistic about its growth prospects, with a target to increase annual revenue and passenger numbers by 400% and 440% respectively by 2035. The airline’s expansion plans include adding new destinations like London Gatwick, Madrid, and Bangui, as well as investing in its cargo business to capitalize on the growing e-commerce market in Africa.

Mesfin emphasized the importance of adapting to the changing market dynamics, particularly the increasing demand for e-commerce shipments on the continent. With strategic investments and a focus on expanding its network, Ethiopian Airlines is poised to achieve its growth targets and continue its upward trajectory in the aviation industry.