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22-Mar-2012 3:55 PM

Ethiopian Airlines reports USD24m operating profit, down 70% in 2011

Ethiopian Airlines reported (Mar-2012) the following financial highlights for FY2011:

  • Operating revenue: USD1425 million, +47% year-on-year;
    • Passenger: USD1093 million, +48%;
    • Cargo: USD178.3 million, +77.6%;
  • Operating costs: USD1401 million, +58%;
  • Operating profit: USD23.8 million, -70%;
  • Net profit: USD70.9 million,-24%;
  • Passenger numbers: 3.7 million, +18%;
  • Passenger traffic (RPKs): +23%;
  • Load factor: 71.5%, -0.6 ppts
  • Cargo volume: 160,090 tonnes, +19%. [more - original PR]

*Based on the conversion rate at USD1 = ETB17.3727

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