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Ethiopian Posts Record Profit, Codeshares W/ SK  
User currently offlineOP3000 From United States of America, joined Jun 2009, 1784 posts, RR: 2
Posted (4 years 8 months 4 days 13 hours ago) and read 3971 times:

Ethiopian posted a record 6-month profit of ~ US $88 million, which is almost as much as the company's previous 12-month record profit recorded in 2009.

http://nazret.com/blog/index.php?tit..._profits_soar&more=1&c=1&tb=1&pb=1

Also, ET began a code-share agreement with SAS yesterday. ET flies to ARN, which will enable connections between two airlines that are very strong in their respective continents.

http://news.brunei.fm/2010/03/30/eth...share-agreement-with-scandinavian/

14 replies: All unread, jump to last
 
User currently offlineAF022 From France, joined Dec 2003, 2171 posts, RR: 1
Reply 1, posted (4 years 8 months 4 days 8 hours ago) and read 3769 times:

Ethiopian seems to be doing very well - their service is ok, but their schedules are great for getting from Europe to various points in Africa.

User currently offlineOP3000 From United States of America, joined Jun 2009, 1784 posts, RR: 2
Reply 2, posted (4 years 8 months 4 days 8 hours ago) and read 3729 times:

Quoting AF022 (Reply 1):
Ethiopian seems to be doing very well - their service is ok, but their schedules are great for getting from Europe to various points in Africa.

I agree. Just being reliable, having a decent network and a moderately efficient management are more than enough to make money hand over fist in the region. Same story goes for SN and KQ, which has been profitable almost every year since being privatized over a decade ago.


User currently offlineETinCaribe From Ethiopia, joined Dec 2009, 738 posts, RR: 0
Reply 3, posted (4 years 8 months 3 days 12 hours ago) and read 3463 times:

Quoting OP3000 (Reply 2):
Just being reliable, having a decent network and a moderately efficient management are more than enough to make money hand over fist in the region.

Is there a place where marketshare info is posted for the different African markets? I wonder how ET and others are doing in Nigeria in particular. IMHO, I would argue (w/o much in terms of empirical data) that ET has underachieved for many years, giving carriers like KQ a chance to capture a good chunk of the pax/cargo traffic in and out of the continent.


User currently offlineOP3000 From United States of America, joined Jun 2009, 1784 posts, RR: 2
Reply 4, posted (4 years 8 months 3 days 10 hours ago) and read 3355 times:

Quoting ETinCaribe (Reply 3):
Is there a place where marketshare info is posted for the different African markets? I wonder how ET and others are doing in Nigeria in particular. IMHO, I would argue (w/o much in terms of empirical data) that ET has underachieved for many years, giving carriers like KQ a chance to capture a good chunk of the pax/cargo traffic in and out of the continent.

Not that I know of. You can argue that ET underperformed - but then again doesn't exactly have the best O&D point in Africa, in a continent that is highly-regulated (where they could not open bases in third countries). Thus their revenue generation potential will always be more limited.

KQ and now Arik Air (very recently) are doing well, but have much larger home markets that they can leverage. KQ, with the involvement of AF, has done well in recent years except for 2009 - when they over-hedged their fuel contracts and suffered some losses when oil prices went down heavily.


User currently offlineETinCaribe From Ethiopia, joined Dec 2009, 738 posts, RR: 0
Reply 5, posted (4 years 8 months 2 days 15 hours ago) and read 3182 times:

Quoting OP3000 (Reply 4):
KQ and now Arik Air (very recently) are doing well, but have much larger home markets that they can leverage.

I should qualify my previous statement. I don't want to take anything away from ET's current management, they have done a great job. What I was referring to was the airline's status in the 80s and 90s when it was the undisputed king of the African skies. When KQ and then Arik Air made their surges, ET was a bit slow to react IMHO.


User currently offline787KQ From United States of America, joined Mar 2006, 549 posts, RR: 0
Reply 6, posted (4 years 8 months 2 days 8 hours ago) and read 3044 times:

Quoting OP3000 (Reply 4):
KQ and now Arik Air (very recently) are doing well, but have much larger home markets that they can leverage.

Ethiopia population is about 85 million to Kenya 39 million.


User currently offlineCXA330300 From South Africa, joined May 2004, 1568 posts, RR: 2
Reply 7, posted (4 years 8 months 2 days 4 hours ago) and read 2967 times:

Nice to see ET doing well. I also imagine that a lot of their profits come from Middle East-Africa and Asia-Africa traffic-I know that their TLV route is particularly successful, and not just because of the Ethiopian community in Israel-they're one of two connections to Sub-Saharan Africa from the country, and the only practical one for most of the continent.


The sky is the limit as long as you can stay there
User currently offline757ops From United Kingdom, joined Feb 2006, 318 posts, RR: 0
Reply 8, posted (4 years 8 months 1 day 18 hours ago) and read 2831 times:

Quoting CXA330300 (Reply 7):
Nice to see ET doing well. I also imagine that a lot of their profits come from Middle East-Africa and Asia-Africa traffic-I know that their TLV route is particularly successful, and not just because of the Ethiopian community in Israel-they're one of two connections to Sub-Saharan Africa from the country, and the only practical one for most of the continent.

This is true ET do erally well out of their services to BKK/DXB/KWI/CAN/PEK/BOM/DEL/BAH/JED/HKG routes especially from West Africa, those flights are almost always overbooked!

Also being the only East Africa to USA link, they have a great market share of that traffic, I am eagerly awaiting the announcement of Toronto and a 2nd USA service


User currently offlineETinCaribe From Ethiopia, joined Dec 2009, 738 posts, RR: 0
Reply 9, posted (4 years 7 months 4 weeks 1 day 23 hours ago) and read 2597 times:

Quoting 787KQ (Reply 6):
Ethiopia population is about 85 million to Kenya 39 million.

I think the point is that NBO is a larger destination than ADD is, due mostly to tourism and business travel. The addressable market may also be larger in Kenya than it is in Ethiopia, for now.


User currently onlinekiwiandrew From New Zealand, joined Jun 2005, 8603 posts, RR: 13
Reply 10, posted (4 years 7 months 4 weeks 1 day 23 hours ago) and read 2593 times:
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Quoting ETinCaribe (Reply 9):
I think the point is that NBO is a larger destination than ADD is,

Yet in 2008 ADD rankedas the number 6 airport in Africa n terms of pax numbers , 3 places ahead of NBO , admittedly this is according to wikipedia but I assume they must have got their figures from somewhere .

http://en.wikipedia.org/wiki/List_of_the_busiest_airports_in_Africa



Moderation in all things ... including moderation ;-)
User currently offlineantskip From Australia, joined Jan 2006, 936 posts, RR: 6
Reply 11, posted (4 years 7 months 4 weeks 1 day 22 hours ago) and read 2533 times:

Quoting kiwiandrew (Reply 10):

Yet in 2008 ADD rankedas the number 6 airport in Africa n terms of pax numbers , 3 places ahead of NBO , admittedly this is according to wikipedia but I assume they must have got their figures from somewhere

On those numbers, ADD went up 121.8% from 2007 to 2008! What happened?


User currently onlinekiwiandrew From New Zealand, joined Jun 2005, 8603 posts, RR: 13
Reply 12, posted (4 years 7 months 4 weeks 1 day 22 hours ago) and read 2516 times:
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Quoting antskip (Reply 11):
On those numbers, ADD went up 121.8% from 2007 to 2008!

Now that you mention it that does seem rather a big increase - I will see if I can track down figures from a legitimate source.

Well , the ADD airport website confirms that pax figure for 2008

http://www.ifly.com/bole-addis-ababa-airport#overview .

[Edited 2010-04-04 00:04:55]


Moderation in all things ... including moderation ;-)
User currently offlineOP3000 From United States of America, joined Jun 2009, 1784 posts, RR: 2
Reply 13, posted (4 years 7 months 4 weeks 1 day 8 hours ago) and read 2297 times:

Quoting kiwiandrew (Reply 10):
Yet in 2008 ADD rankedas the number 6 airport in Africa n terms of pax numbers , 3 places ahead of NBO , admittedly this is according to wikipedia but I assume they must have got their figures from somewhere .

A very significant percentage of ADD passenger numbers (I'd guess 30-40%) are attributable to ET connecting passengers.


User currently offline757ops From United Kingdom, joined Feb 2006, 318 posts, RR: 0
Reply 14, posted (4 years 7 months 4 weeks 18 hours ago) and read 2190 times:

Quoting OP3000 (Reply 13):
A very significant percentage of ADD passenger numbers (I'd guess 30-40%) are attributable to ET connecting passengers.

I think this figure would be more like 60-70% if not more, everytime I have flown into ADD on full 757 or 767 flights, no more than 20-30 passengers will be destined to ADD, its a big connection city, especially West Africa to Far East and Europe to East/Central Africa


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