Africa’s rising and shinning carrier Ethiopian Airline has been reputed as one of the continent’s fastest growing carrier. The Airline is popular for providing Direct flights to Ethiopia, while its connecting flights to several neighbouring countries, including flights to Harare are mostly ranked among the cheapest airfares provided.
Ethiopian airline, the flagship carrier of Ethiopia is on the constant pace of development and improvement part of which are its several new routes, promotional airfares and cheap flight to Addis Ababa. The airline has recently stated that it is looking forward to increasing its annual revenue to $10billion in the coming decades.
The airline further stated to Aviation weekly that it wants to increase its annual revenue to $10 billion in 15 years that is by 2025. The magazine also said Ethiopian Airlines had $1.3 billion in annual revenues in its fiscal 2010 until end of June 30 and a $118-million profit.
Ethiopian Airline currently uses 32 jets plus turboprops and has 37 aircraft on firm order, including 10 Boeing 787s, five 777-200LRs, 10 737-800s and 12 Airbus A350-900s serving 59 international destinations worldwide including flights to Johannesburg via Addis Ababa.
Ethiopian Airline has been ranked the 16th most profitable airline in the world recently by Air Transport World (ATW). It is one of the very few airlines in the industry to have a steady graph of earning profits consecutively for the past 10 years. The airline’s plans to hit a 10 billion dollar figure by 2025, does not seem distant at its fast-paced progress.
Further, in this regard, Ethiopian Airline has also shared its plans to increase the fleet size to a 100 aircrafts by the given year. Also, it has already started working on the plan and has been preparing to receive its first Boeing 777-200 LR later this month and on December 15, 2010.
Ethiopian Airline will launch a daily non-stop service from Washington to Addis Ababa and Toronto, Canada’s largest city, late this year.
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