Ethiopian Airlines the largest fleet carrier in Africa and the most profitable in the region, which also serves the 5th most destination in the world is saying it’s hitting record numbers of profit even as much to give pay raises and bonuses to workers and staff.
The airlines profit even as the pandemic hit the world were barley effected to none whatsoever as flights to China still continued in the year 2020 were the pandemic shut down the entire world. The airline also changed from passenger flights to cargo even as helping vaccine makers deliver in multiple countries, the airlines most notable was not only profit gain in the recently closed year 2021 but the airlines went to Afghanistan and rescued foreign nationals from the Taliban with other airlines.
Concerning the profit gains the CEO of Ethiopian Airlines Group Tewolde Gebremariam told a Dubai conference via video link “For us, Ethiopian Airlines, the cargo business is strong, and I would say is a breadwinner in the group,” the airlines also didn’t need any bailouts from the government and through its own profits and revenue was able keep the airlines profits stable. The airline is said to have 70% of its pre-pandemic capacity of passengers. “We are cash-positive. We are profitable.”
The CEO also added that the airline industry should be cautioned and that still the pandemic is still far from over.
Tewolde Gebremariam also criticized the weak response to the pandemic by world governments. The CEO also said, “I don’t think that helps for the travel and tourism and economy of Dubai as well.” since Dubai and the United Arab Emirates banned the airlines which primarily serves hub in Addis Ababa from bringing people who stayed at the country due to it’ high COVID-19 risk.