Embark on an exhilarating journey into the vibrant realm of African aviation as we unveil the most captivating highlights from week 7 of 2024.
Introduction.
In a riveting report released by Ethiopian Investment Holdings (EIH), a state parastatal entrusted with managing state assets, the performance of over 25 entities under its purview has been nothing short of extraordinary. Among these stellar performers is Ethiopian Airlines, which has soared to phenomenal heights with its half-year profits. The airline group has notched up an impressive 97% of total operating revenues, with international passenger revenues soaring at an astounding 104%, and net profit reaching an impressive 107%. What’s even more remarkable is the Aviation Academy’s outstanding contribution, having proudly graduated 899 trainees from its various basic schools within the first six months alone.
African Aviation Projections And Statistics.
Exciting updates from African Airlines Association (AFRAA) last week revealed a remarkable milestone: African carriers surpassed pre-pandemic passenger traffic levels by November 2023. In fact, January 2024 saw revenue passenger kilometers (RPKs) rose by 2.06% compared to the same month in 2019, with available seat kilometers (ASKs) increasing by 7.1%. But that’s not all! Intra-Africa connectivity, particularly in major airports across the continent, has rebounded to or exceeded pre-COVID levels since December 2022.
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