Business

Ethiopian Airlines rides out pandemic on strength of cargo boom



Robbie COREY-BOULET Agence-France Presse29 September 2020 Six months for the reason that coronavirus pandemic upended the worldwide airline business, Ethiopian Airways is going through a heavy toll: greater than $1 billion in misplaced income, to say nothing of 850 contaminated staff. But Tewolde Gebremariam, CEO of the state-owned airline and jewel of Ethiopia’s financial system, maintains the scenario would have been far worse if it had not quickly tailored to a 90 p.c drop in worldwide passenger site visitors. Africa’s largest service pivoted in March to satisfy surging demand for air freight, repurposing 45 passenger jets with the intention to construct out its cargo fleet. “We

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