Hahu Daily News Oromia Government Communication Dr. Negeri Lencho On Current Ethiopian Situation

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የኦሮሚያ ኮሙኒኬሽን ጉዳዮች ጽ/ቤት ሀላፊ ዶ/ር ነገሪ ሌንጮ በክልሉ እየተከሰተ ባለው ጉዳይ ላይ የሰጡት ማብራሪያ..

As major African airlines face difficult situations and heavy losses, Ethiopian Airlines continues to spread its wings. According to a data from the International Air Transport Association, Ethiopian Airlines recorded a full-year profit of more than all other African carriers combined. The company recalls that an aggressive expansion strategy has helped the state-owned carrier transform itself from a competent regional player to the continent’s leading carrier in just five years. displayAdvert("mpu_3") The growth rate in the industry is very low — the average could be less than 5 per cent — but we have been growing 20-25 per cent annually compound, in revenue and fleet size. Ethiopia Airlines Chief Executive, Tewolde Gebremariam, said its recent performance means it has already met most of its goals for its 15-year master plan to 2025 in the first five years. “The growth rate in the industry is very low — the average could be less than 5 percent — but we have been growing 20-25 per cent annually compound, in revenue and fleet [size],” In June 2015, the company recorded a net profit of 3.15bn birr ($148m), compared with 2bn birr in the same period a year earlier. Based on accounts audited by the Audit Services Corporation, which inspects
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