Ethiopian Airlines Losses From Coronavirus Reach $190 Million

5
477
Ethiopian Airlines

Bloomberg – Ethiopian Airlines Group has lost over $190 million as the impact of the coronavirus on global travel hurts Africa’s only consistently profitable airline.

“Under the current situation, it is facing huge challenges,” Ethiopian Prime Minister Abiy Ahmed said in a televised address to the public on Saturday.

The carrier has suspended flights to 30 destinations as demand collapses and some countries impose travel bans to try and contain the deadly pandemic. Aviation is one of the hardest hit industries by the virus, facing billions of dollars of lost revenue.

In Ethiopia, Africa’s second-most populous country, the coronavirus will be a “huge burden” on the economy, Abiy said, adding that the government will impose economic measures to help the most vulnerable.

5 COMMENTS

  1. What a pride of all us and Africa!!! But this is just the beginning of incurring losses to this and all other airlines. They make money on the size of traffic taking seats in their planes. We wish them the best and hope they will start flying every one of their crafts fully occupied soon.

  2. Of course there’s gonna big loss like any other airlines in the rest of the world . It’s part of being in the business risk. Since it’s State Enterprise at least it will recover at back of the public finance although many never used its service while others did. But my is question , as much I would like it to succeed, did it share its vast profits of past ,
    when Tigrain and minority elites benefiting disproportionally, with the average citizens like giving charity to the poor? If they didn’t they have to take hard look hard their priorities and business ethics.

  3. Ethiopian air lines is from the people , by hard working and magnificent managers to the people.
    Ethiopian air lines together with other sectors has been enjoying amazing economic growth under woyane ruling. However, while other economic sectors are queuing for burial in prosperity party economic grave yard , Ethiopian air lines is working miraculously to maintain its dominant brand.
    Woyane legacy in economical, political , diplomatic and military dominance of this beautiful country across the entire region and at global arena helped the the Ethiopian air lines to spreed her wings in as many nations as possible.
    The Ethiopian airlines has overcome various challenges including the diaspora boycotting and computations from African newly emerged airlines. The current Covid-19 pandemic is another huge punch on the nose of the flag carrier
    We believe that the great managers of the flag carriers will work across the clock to undue the impact of the current situation

  4. Unfortunately, this is just the beginning of significant loss to come — but I don’t think the loss will reach to the amount of billions of dollars TPLF mafia stole from Ethiopia!!!
    EAL should be criticized for risking the health and lives of EAL employees and Ethiopian citizens in general by flying to the very place China that was heavely hit with Covid-19. In time, EAL will reverse the loss of money, as soon as this invisible evil enemy go away, but the loss of human life is irreversible!! Some knucklehead was praising EAL for continuously flying to China while other international airlines suspended their flights to China to avoid the spread of Coronavirus/Covid-19… huh??
    There is no question that if the case was the other way round, Chinese would have stopped flying to Ethiopia in a New York minute. BTW, China is benefiting immensely from Ethiopia than the other way round.
    Hello! Chinese are not missinaries that go out of their ways to serve others in the name of God!! Chinese are in it for themselves … taking advantages of poor Ethiopian laborers — paying them the lowest unliveable wages in the world!! Anyhow, I wish Chinese and the the rest of entire population of the world speedy recovery from this devastating illness and financial crisis!!!

    –Abebaw where you be?

  5. የኢትዮጵያ ጠላቶች – ኢትዮጵያን ለማዳከም – በዋነኛነት የሚያነጣጥሩባቸው – እና – እንዲወድቁ ሁሉን ዓይነት ዘመቻ ከሚከፍቱባቸው የኢትዮጵያ ንብረቶች መኻከል:- Ethiopian Airlines, Ethio Telecom, Ethio Rail, Ethio Hydro-Electric እና Ethio Agriculture ይገኙበታል!

    አንዳንድ – እዚህ ጠቢባን መስለው – ስለ ኢትዮጵያ አየር መንገድ የቆጥ-የባጡን የሚሞጫጭሩት እኮ – ስለ ኢትዮጵያ አየር መንገድ የሚያውቁት ነገር ቢኖር – የአየር መንገዱን አርማ ብቻ ነው! እዚህ – አሁን እያሉን ያሉት እኮ – “እኛ – ከዓለም አቀፍ የአየር ትራንስፖርት ማሕበር ጠቢባን፣ የተባበሩት መንግሥታት የጤና ድርጅት ጠቢባን ፣ ወ.ዘ.ተ. – የበለጠ እናውቃለን!” ነው!

    አብዛኞቹ – ‘ከኢትዮጵያ ውጪ የሚኖሩ ኢትዮጵያውያን’ የሚባሉት – የቀድሞ መንግሥታት ቡችሎች እኮ – የኢትዮጵያ ተቆርቋሪ መሳይ አፋቸው ከአትላንቲክ ውቅያኖስ ይሰፋል እንጂ – – ኢትዮጵያ ውስጥ የሚከናወኑትን ጠቃሚ ፕሮጄክቶች ሁሉ – ለኢትዮጵያ አሳቢ መስለው ሠበበ-አስባብ ፈልገው እንቅፋት በመሆን ኢትዮጵያ ወደ ፊት እንዳትራመድ ማድረግ እንጂ – ኢትዮጵያን ወደ ፊት የሚያራምድ ምንም ሥራ ሰርተው አያውቁም – ወደ ፊትም የሚሰሩ ዓይነት አይደሉም!

Comments are closed.