Ethiopian Airlines: Dreamliner Boosted Profits, Eyes Flying Airbus by 2016

(Photo by Gediyon Kifle/Tadias Magazine File)

ASSOCIATED PRESS

BY KIRUBEL TADESSE

ADDIS ABABA, Ethiopia — Ethiopian Airlines has made a record profit, the company’s chief executive officer said this week

Tewolde Gebremariam partly credited the profitability of Ethiopian Airlines to Boeing’s problematic 787 planes.

He said the company’s operating profit between July 2012 and June 2013 is 2.7 billion birr ($143,137,098) from a billion birr ($53,013,740) the previous financial year.

Citing unaudited company accounts Tewolde said that the company’s net profits also surged during the period to 2.03 billion birr ($107,617,892) from 734 million birr ($39,230,167) of the previous year, a 178 percent increase.

Read more at Miami Herald.

Related:
ET Eyes Flying Airbus By 2016

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