Ethiopian Airlines reports 2020/21 revenue at $3.5bln

An Ethiopian Airlines plane is seen at the Asmara International Airport in Asmara, Eritrea July 18, 2018. Tiksa Negeri, Reuters
Reuters Images

Ethiopian Airlines was admired by industry players for not only making profit, but for managing its balance sheet without any bailout money

Dawit Endeshaw, Reuters News

March 24, 2022

PHOTO
An Ethiopian Airlines plane is seen at the Asmara International Airport in Asmara, Eritrea July 18, 2018. Tiksa Negeri, Reuters

Ethiopian Airlines on Thursday said its total revenue for the 2020/21 financial year was $3.51 billion.

"Ethiopian Airlines was admired by industry players for not only making profit, but for managing its balance sheet without any bailout money and employee layoffs," it said in a presentation after naming its new CEO.

The airline did not immediately give a comparative revenue figure for 2019/20.

(Reporting by Dawit Endeshaw Writing by George Obulutsa Editing by David Goodman)

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