Ethiopian Airlines Group announced a record revenue of $7.6 billion for the 2024/25 fiscal year, representing an 8% year over year increase, driven by strong passenger growth, route expansion, and strategic fleet investments.
Group CEO Mesfin Tasew unveiled the results during the company’s annual press conference held in Addis Ababa on Tuesday. He described the performance as a “remarkable achievement” despite persistent global headwinds, including geopolitical conflicts and operational challenges in key markets.
“It was a good performance despite global challenges,” said Mesfin. “We continue to invest in our fleet, expand our network, and strengthen our position as Africa’s leading airline.”
Passenger and Cargo Growth
During the fiscal year ending July 7, 2025, the airline transported 19 million passengers, an 11% increase from the previous year’s 17 million. This includes 15.2 million international and 3.9 million domestic travelers. The steady growth in passenger volume was supported by the introduction of six new international destinations and increased frequencies on existing routes.
In addition to passenger services, Ethiopian Airlines also reported strong performance in cargo operations, although exact figures were not disclosed during the event.
Fleet Modernization and Expansion
In a move to modernize and expand its fleet, the airline acquired 13 new aircraft during the fiscal year, including its fourth Airbus A350-1000, delivered just last week. Ethiopian Airlines now operates a fleet of over 150 aircraft, one of the largest and youngest fleets on the continent.
CEO Mesfin also highlighted plans to bolster the airline’s domestic network, revealing that the carrier is considering an order of at least 20 regional or small narrow-body jets to replace aging aircraft and enhance connectivity within Ethiopia.
Challenges and Strategic Developments
Despite a positive outlook, the airline faced disruptions on some routes due to ongoing conflicts in Sudan, the Democratic Republic of Congo, and parts of the Middle East. Mesfin also acknowledged that regulatory changes in the United States had affected operations in that market.
The carrier, like many global airlines, is navigating engine maintenance bottlenecks, which have temporarily grounded some aircraft. However, Ethiopian Airlines continues to maintain operational resilience and service reliability.
Looking ahead, the airline is preparing for the construction of a new four-runway mega airport near Bishoftu, located approximately 45 kilometers southeast of Addis Ababa. Once completed in 2029, it is expected to become Africa’s largest airport, supporting the airline’s long term vision for growth and regional leadership.
Ethiopian Airlines remains state owned and continues to play a pivotal role in driving economic integration and connectivity across Africa and beyond.
Emebet Asefa ,Correspondent
Addis Ababa,Ethiopia
