Ethiopia’s flag carrier, Ethiopian Airlines, has delivered stronger-than-expected financial results for the first six months of the 2025/26 fiscal year, demonstrating steady growth despite a challenging global environment.
During the period, the airline generated $4.4 billion in revenue, finishing the half year 2% above its internal forecast. The performance reflects the carrier’s ability to adapt to shifting market conditions affecting both passenger and cargo operations.
Revenue growth amid external pressures
The first half of the fiscal year was marked by several obstacles, including travel restrictions linked to visa policies, disruptions to global trade caused by tariff disputes, and regional instability in parts of East and Central Africa. Despite these factors, the airline maintained operational stability and continued to expand its market presence.
Management attributed the results to diversified route planning, flexible fleet utilization, and sustained demand across key international corridors.
Network expansion strengthens global reach
Expansion remained a central pillar of the airline’s strategy. New routes were introduced to Porto, Hanoi, and Abu Dhabi during the reporting period, further widening the carrier’s international footprint. With these additions, the total number of overseas destinations served by the airline reached 145.
The route launches are intended to support long-term growth by connecting Africa more directly with Europe, the Middle East, and Southeast Asia.
Passenger and cargo performance remain solid
Passenger demand showed notable momentum, with 10.64 million travelers carried in the first half of the fiscal year. This figure represents an 11% increase compared to the same timeframe a year earlier, underlining continued confidence in air travel across the airline’s network.
Cargo operations also exceeded expectations. The airline transported 451,000 tons of freight, finishing the half year 4% above its cargo target, supported by steady demand for logistics services despite volatility in global trade flows.
