Africa’s biggest airline, Ethiopian Airlines, has lost more than half-a-billion USD since January because of the coronavirus pandemic. Despite the financial loss, the company’s CEO remains confident the airline can keep flying, in part by increasing its cargo business.
Ethiopian Airlines CEO Tewolde Gebremariam told reporters of VOA on Tuesday the airline had lost $550 million between January and April, as the coronavirus pandemic brought passenger traffic to a near-complete halt.
He acknowledged the airline is in a serious financial crisis, and also reported that three airline employees have tested positive for COVID-19.
But, Tweolde expressed his belief that Ethiopian Airlines will ride out the current storm.
He said the company was cushioning the financial blow by finding new streams of income by focusing on cargo.
The cargo business is relatively doing well because urgently required medical supplies are needed all over the world from east to west, west to east, north, south and so on. ET is also trying to convert some passenger aircraft to cargo.
Some of Africa’s air carriers are likely to go out of business during the ongoing crisis.
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