UPDATE 1-Ethiopian Airlines reports 14% jump in full-year revenue

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ADDIS ABABA, July 29 (Reuters) – Ethiopian Airlines posted revenue of $7 billion in the 2023/24 fiscal year, from $6.1 billion a year earlier, state-owned Ethiopian Broadcasting Corporation reported on Monday.

The airline ferried 17. 1 million passengers in the same period, a 23% rise over the previous year, the broadcaster reported the airline’s Chief Executive, Mesfin Tasew, saying during a news conference to release the results.

In May, Mesfin had said he expected the airline would transport 30% more passengers in the just-ended year, buoyed by new routes and a rebound in

global travel

.

Mesfin was also quoted saying the airline had ordered 125 more planes, without giving more details. (Reporting by Dawit Endeshaw; Writing by George Obulutsa; Editing by Bernadette Baum and Louise Heavens)

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