Business

Ethiopian Airlines rides out pandemic on strength of cargo boom

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Robbie COREY-BOULET Agence-France Presse29 September 2020 Six months for the reason that coronavirus pandemic upended the worldwide airline trade, 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 state of affairs would have been far worse if it had not quickly tailored to a 90 p.c drop in worldwide passenger visitors. Africa’s largest provider pivoted in March to fulfill surging demand for air freight, repurposing 45 passenger jets with a view to construct out its cargo fleet. “We

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