Ethiopian Airlines beats revenue target for first half of fiscal 25/26
Ethiopian Airlines reports a revenue of $4.4 billion for the first half of FY 2025/26, surpassing its targets despite challenges.
Ethiopian Airlines has announced revenue of $4.4 billion for the first half of the 2025/26 fiscal year, which is 2% above its projections. Despite facing significant challenges, including visa bans affecting passenger travel, tariff wars impacting cargo operations, and regional conflicts in Sudan and the Democratic Republic of Congo, the airline has demonstrated resilience. The report was made public during a press conference in Addis Ababa, where the airline's leadership elaborated on the strategic growth plans that have contributed to this success.
The airline is set to expand its footprint further by launching new flights to Porto in Portugal, Hanoi in Vietnam, and Abu Dhabi in the United Arab Emirates, bringing its total international destinations to 145. This expansion is part of Ethiopian Airlines' broader strategy to enhance its network offerings and enhance connectivity across Africa and beyond. With robust passenger traffic logged at 10.64 million transported passengers, representing an 11% increase year-on-year, the airline continues to solidify its position as the continent's leading carrier.
In the cargo segment, Ethiopian Airlines has also performed exceedingly well, transporting 451,000 tons of cargo which exceeded the half-year target by 4%. This performance underscores the airline's operational efficiency and adaptability amidst competing regional economic conditions. The results are indicative of a positive trajectory for Ethiopian Airlines, as the company actively navigates challenges and seeks new opportunities for growth in the aviation sector.