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Ethiopian Airlines Cross 10-Million Passengers

For the first time in history, Ethiopian Airlines has crossed 10 million passengers after the addition of eight new international destinations.

The airline reported a growth 21 percent spike in passengers leading to 10.6 million passengers for their 2017/2018 fiscal year.

The new destination added in this during by Ethiopian Airlines includes; Geneva (Switzerland), Chicago (US), Bahrain, Kaduna (Nigeria), Buenos Aires (Argentina), Kisangani and Mbuji-Mayi (Democratic Republic of Congo) and Nosy-Be (Madagascar).

The organization also added 14 new aircrafts in this period making them the first airline in Africa to have 100 aircrafts in their fleet.

Ethiopian Airlines also experienced an increase in their operating revenue from 43 percent year-on-year to ET98.1 billion ($3.22bn) in the 12 months to 8 July 2018 and net profit stood at ETB6.8 billion ($250m). (Routes Online)

The Chief Executive Officer of the Airline, Tewolde GebreMariam in response to this said, “This performance is all the more exceptional given the very tough operating and competitive environment in Africa, where jet fuel price, our main cost driver, has soared during the year and is on average 30 percent more expensive in Africa, our home market, than in the rest of the world, putting the continent’s carriers at a severe competitive disadvantage.”

He continued, “This remarkable result was also achieved in the backdrop of aggressive foreign carriers’ penetration into the African market with the African airline industry collectively forecasted to lose money.”

Ethiopian Airlines has also submitted their bid to manage the new Nigeria Air that is due to start operation in December 2018.

Credit: Routes Online

CORRUPTION FASTER THAN BUHARI

***

Imo state Governor, Owelle Rochas Okorocha has said that it has been difficult for the Igbo race to produce a President because of their nature of bringing down their rising leaders.

He revealed this while he was speaking to the Punch Newspaper during an interview in the Imo state Government House, Owerri. 

According to Governor Rochas who ran for Presidency for the first time in 2003 under the All Peoples Party said he never got support from the South-East. 

Rochas Gives Reason Why An Igbo Presidency Is Difficult

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