Africa's largest airline, Ethiopian Airlines, has reported a strong financial performance for the 2025/26 fiscal year, with revenue increasing by 20% to $9.1 billion, driven by rising passenger demand and higher cargo volumes.
The state-owned carrier said it transported 20.7 million passengers, representing a 10% increase compared to the previous financial year ending July 7. Cargo operations also expanded, with freight volumes rising 16% to 897,000 metric tons.
To support its long-term expansion strategy, Ethiopian Airlines announced plans to strengthen its fleet. Earlier this year, the airline confirmed an order for six Boeing 787-9 Dreamliner aircraft to expand its long-haul international services. It is also expected to make a decision on acquiring 25 smaller commercial aircraft to improve domestic and regional connectivity.
During the year, the airline added nine new aircraft to its fleet and continued expanding facilities at Addis Ababa Bole International Airport to accommodate growing passenger and cargo traffic.
Despite the strong revenue growth, the airline noted that its financial performance was affected by flight disruptions linked to the conflict in the Middle East and the Ebola outbreak in the Democratic Republic of Congo.
The company did not disclose its annual profit figures.
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