Last month, Ethiopian Airlines announced results for the 2017-18 financial year with the net profit at $233 million (R3.3 billion). The East African carrier went on to report a 43% rise in operating revenue amounting to $3.7 billion in 2017-18, proving it was Africa’s sole profitable airline. As SAA mounts yet another recovery, it is essential to borrow a page from their East African counterpart. Ethiopian Airlines has opted to collaborate with other carriers, acquiring stakes in national carriers across Africa. With a mandate to run the carrier as a self-sufficient business, maintenance, catering, and even operation of the pilot school, are handled by Ethiopian Airlines.

Source: Ethiopian News September 26, 2018 04:30 UTC