Despite mounting operational hurdles across the Middle East and Central Africa, Ethiopian Airlines Group recorded a 20% jump in revenue to $9.1 billion for the 2025/26 financial year.
The state-owned carrier, Africa’s largest by fleet size and network reach, demonstrated strong commercial momentum. However, group leadership also revealed that a sharp rise in operational expenses has increasingly compressed margins, driven by geopolitical instability, rerouted flight paths, and volatile fuel costs.
The top-line revenue expansion was propelled by heavy investments in capacity and route diversification. During the fiscal year ending June 30, 2026, the group expanded its international footprint with major additions, including direct connections to Vietnam, Portugal, and Abu Dhabi. It also added three new domestic destinations, expanding its internal network to 25 cities.
Cargo operations served as a critical financial buffer. Transporting nearly 900,000 tons of goods, the freight division capitalized on shifting supply chains and export growth out of the Addis Ababa hub, outperforming management’s original targets.
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