Bright Outlook for Ethiopian Airlines

Ethiopian Airlines is planning further fleet and network expansion in 2015, enabling the flag carrier to widen the gap with other leading African carriers. Ethiopian has already become the largest airline in Africa based on fleet size and doubled in size since the beginning of the decade while most other major African carriers have grown only slightly or not at all. Passenger traffic has more than doubled since 2009 and has grown at a double-digit clip over the last six years. The airline, one of only four in Africa with a fleet of more than 50 aircraft, carried 6 million passengers in 2014. Asia and Africa have been, and will continue to be, the primary drivers as Ethiopian taps the booming Asia-Africa market. Ethiopian plans to launch services to Tokyo in Apr-2015, which will become its 11th destination in Asia. The carrier will also add its second US destination in Jun-2015 as service to Los Angeles is launched. Read More…