• Ethiopian Airlines posted $7.6 billion in revenue for fiscal year 2024/2025.

• Growth slowed to 8%, down from 15% the previous year, due to global disruptions.

• The airline carried over 19 million passengers and moved 785,323 tons of cargo.

Ethiopian Airlines generated $7.6 billion in revenue for the 2024/2025 fiscal year, which ended on July 7, according to local media reports citing CEO Mesfin Tasew. The result reflects an 8% increase from the previous year but falls short of the $8 billion target announced in April.

The shortfall is linked to a slowdown in the company’s growth momentum, driven by several global challenges. These include new regulatory changes in the United States, as well as ongoing armed conflicts in Sudan, the Middle East, and the Democratic Republic of Congo. Mesfin noted that growth slowed from 15% in 2023/2024 to 8% over the past year.

Despite the slower pace, Ethiopian Airlines carried more than 19 million passengers during the fiscal year, including 15.2 million on international routes and 3.9 million on domestic flights. This marks an overall increase of 11%. Air cargo also rose, reaching 785,323 tons for the period.

According to the CEO, these results were supported by the continued expansion of the airline’s network, which added new destinations at the national, regional, and international levels. The company remains focused on its long-term goals under the “Vision 2035” strategic plan. This roadmap targets $25 billion in revenue, 65 million passengers, 3 million tons of cargo, a fleet of 270 aircraft, and service to 207 destinations.