CAPA Live: Ethiopian Airlines cash positive. 50 flights/week to China
Analysis African airlines were grounded for the period from Mar- to Sep-2020, and with no aid forthcoming it has been difficult for many airlines. As a result "the African airline industry has been severely damaged". Ethiopian Airlines could see that there was an opportunity with cargo demand and made a quick decision to build up capacity. That has helped the airline manage its cash flow without any bailout money or borrowing, and without any lay-offs or any salary reduction. The airline is operating to China with 50 widebody flights a week on average, plus operations to and via Europe with P...
Source: centreforaviation.com