Ethiopian is largest African carrier by revenue and profit

With revenue topping $2.3 billion in 2013, this is the first time Ethiopian Airlines has achieved such a ranking in its 69-year operating history.

According to IATA, Ethiopian now ranks first in Africa and 37th in the world in terms of revenue and first in Africa and 18th in the world in terms of operating profit. The historical ranking achieved by Ethiopian in 2013 is a testimony to the confidence of its passengers; the soundness of its 15 year strategic roadmap of fast, profitable and sustainable growth, Vision 2025; the strategic guidance and support of the airline’s Board of Directors and the Government of Ethiopia; the dedication and competence of its management; and the commitment, skill and hard work of its employees.

Group chief executive officer of Ethiopian Airlines, Tewolde Gebremariam said: “The year 2013 marks a milestone year in the history of the airline. For the first time in our long history, we are number one in Africa in terms of revenue and profit. We owe this success, above all else, to the patronage of our esteemed customers, who are choosing to fly with us in ever increasing record numbers. I thank them on behalf of the entire Ethiopian Airlines family and pledge to them that we will continue to work hard to earn their confidence.”

He adds, “This success is the result of the collective effort of the Board of Directors, the Management and the entire 8,000 plus Ethiopian Airlines employees, who toil night and day to make our beloved airline shine high in the sky. It is also a validation of our fast, profitable and sustainable growth strategy, Vision 2025. It confirms that with we are well on track to achieving our Vision 2025 strategic goal of becoming a mega global carrier with US$10 billion in revenue by 2025.”