Ethiopian Airlines recovering from loss says, CEO – New Business Ethiopia - News Summed Up

Ethiopian Airlines recovering from loss says, CEO – New Business Ethiopia


Ethiopian Airlines, which lost over half a billion dollars in a few months after coronavirus outbreak, is now recovering making $120 million revenue from cargo, says CEO. Ethiopian Airlines Group, Mr. Tewolde GebreMariam told the state news wire on Monday that Ethiopian Airlines has made $120 revenue in a month, which enabled the state owned aviation group to cover all its monthly expenses. Focusing on cargo flights has enabled Ethiopian Airlines to survive the hardship aviation business has been facing after the outbreak of the global pandemic. Mr. Tewolde indicated that now Ethiopian Airlines is transporting 200 to 300 tons of fresh cut flowers daily. In early April, Ethiopian Airlines indicated that it has lost $550 million revenue because of COVID-19, which led to suspending passenger flights.


Source: News Business Ethiopia June 02, 2020 06:22 UTC



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