ETStar
Topic Author
Posts: 1850
Joined: Mon Jan 12, 2004 6:25 am

Ethiopian's 6-month Profit At ~ $56 Million

Wed Feb 21, 2007 3:39 pm

Capital Ethiopia, one of two English-language "business" papers in Addis, reports that Ethiopian posted half a billion birr profit (~ US$56.32 Million) in the first half of its fiscal year. This is recorded as a 39% increase in profits when compared to the same period last year, with a 21% increase in passengers. I hope I read it right.

Also interesting is what the paper reiterates, a "long awaited" cooperation to be signed between Ethiopian and Lufthansa, including code sharing. Two or three weeks ago, the same paper had given a 1-week time line for such signing, while another paper, Addis Fortune, has not picked up the story.

http://www.capitalethiopia.com/archi...7/february/week3/local_news.htm#14
 
CraigW
Posts: 110
Joined: Fri Aug 12, 2005 1:59 am

RE: Ethiopian's 6-month Profit At ~ $56 Million

Wed Feb 21, 2007 8:30 pm

I hope that will use some of the profit to upgrade the older B767 and all of the B757 cabin interiors as they are starting to look tired.
 
aa1818
Posts: 1515
Joined: Sat Feb 04, 2006 2:03 am

RE: Ethiopian's 6-month Profit At ~ $56 Million

Wed Feb 21, 2007 10:52 pm

Quoting CraigW (Reply 1):
I hope that will use some of the profit to upgrade the older B767 and all of the B757 cabin interiors as they are starting to look tired.

They'll be operating brand spanking new 787s soon enough!!!!!

Anyone knows what ET's current fleet is??
Do they fly to London, UK?

AA1818
“The moment you doubt whether you can fly, you cease for ever to be able to do it.” J.M. Barrie (Peter Pan)
 
AF022
Posts: 1630
Joined: Fri Dec 26, 2003 10:41 pm

RE: Ethiopian's 6-month Profit At ~ $56 Million

Thu Feb 22, 2007 1:22 am

From Amadeus it says they will have 6 frequencies from Heathrow in the summer.
 
ETStar
Topic Author
Posts: 1850
Joined: Mon Jan 12, 2004 6:25 am

RE: Ethiopian's 6-month Profit At ~ $56 Million

Thu Feb 22, 2007 10:45 am

Quoting AA1818 (Reply 2):
They'll be operating brand spanking new 787s soon enough!!!!!

Not soon enough to compete with other airlines on routes the airline serves. The 75s are definitely in need of a face lift.
 
soups
Posts: 3220
Joined: Thu Jun 03, 2004 6:41 pm

RE: Ethiopian's 6-month Profit At ~ $56 Million

Thu Feb 22, 2007 3:01 pm

i;ll be flying ET next week ACC-ADD-DEL  Smile
Next destinations, Suarabaya, beirut, paris, Accra
 
757ops
Posts: 144
Joined: Thu Feb 02, 2006 9:32 pm

RE: Ethiopian's 6-month Profit At ~ $56 Million

Sun Feb 25, 2007 1:38 am

Quoting AA1818 (Reply 2):
Anyone knows what ET's current fleet is??
Do they fly to London, UK?



Quoting AF022 (Reply 3):
From Amadeus it says they will have 6 frequencies from Heathrow in the summer.

This is true, There will be service every day except Tuesday. All flight except Thursday will operate with B757-200 but Thursday will be 767-300ER which will be a nice change for the LHR service! All flights currently operate non-stop LHR/ADD stopping inbound via FCO but the weekends operate ADD/LHR direct, however for Summer 2007 3 of the LHR/ADD flights will route back via FCO including the 763 service  Sad
 
CXA330300
Posts: 1256
Joined: Wed May 26, 2004 5:51 am

RE: Ethiopian's 6-month Profit At ~ $56 Million

Sun Feb 25, 2007 1:49 am

Glad to see Ethiopian is doing well. Maybe we'll see Ethiopian in *A in a few years?

What is Ethiopians frequency on the ADD-FCO-NYC-IAD route?

Do they still have the leased 744s?
AC/AA/UA/DL/B6/WN/US*/CO*/FI/BA/IB/AF/SK/LX/Sabena*/TK/LY/SA/MN/SW/AM/CE*/CX/CA/MU/JL/SQ/TG/MH/KA/5J
 
ETStar
Topic Author
Posts: 1850
Joined: Mon Jan 12, 2004 6:25 am

RE: Ethiopian's 6-month Profit At ~ $56 Million

Sun Feb 25, 2007 5:25 am

Quoting CXA330300 (Reply 7):

What is Ethiopians frequency on the ADD-FCO-NYC-IAD route?

ET does not operate to NYC, has not done so in a few years. Today, it does ADD-FCO-IAD 4x per week. As of this summer, it will be up to 6x per week.

Also no leased B744s, had MD11s last year, but not it's all B763s
 
femialpha
Posts: 39
Joined: Tue Mar 22, 2005 9:04 am

RE: Ethiopian's 6-month Profit At ~ $56 Million

Mon Feb 26, 2007 4:31 am

I remember seeing an ET 757 at IAD recently. It is capable of an non stop flight from IAD-ADD?
 
ETStar
Topic Author
Posts: 1850
Joined: Mon Jan 12, 2004 6:25 am

RE: Ethiopian's 6-month Profit At ~ $56 Million

Mon Feb 26, 2007 5:12 am

Quoting Femialpha (Reply 9):
I remember seeing an ET 757 at IAD recently. It is capable of an non stop flight from IAD-ADD?

No. Even the 767 does not operate nonstop. The 757 must have been a VIP flight.
 
757ops
Posts: 144
Joined: Thu Feb 02, 2006 9:32 pm

RE: Ethiopian's 6-month Profit At ~ $56 Million

Wed Feb 28, 2007 11:20 am

Quoting Femialpha (Reply 9):
I remember seeing an ET 757 at IAD recently. It is capable of an non stop flight from IAD-ADD?

Or it could have been ET-AJX as it routed through IAD from SEA after its conversion to palleted freighter then continued on through BRU to ADD
 
ETStar
Topic Author
Posts: 1850
Joined: Mon Jan 12, 2004 6:25 am

RE: Ethiopian's 6-month Profit At ~ $56 Million

Wed Feb 28, 2007 12:37 pm

Quoting 757ops (Reply 11):

Or it could have been ET-AJX as it routed through IAD from SEA after its conversion to palleted freighter then continued on through BRU to ADD

Thought he/she would have noted its freighter'ness and mentioned it  Wink
 
femialpha
Posts: 39
Joined: Tue Mar 22, 2005 9:04 am

RE: Ethiopian's 6-month Profit At ~ $56 Million

Thu Mar 01, 2007 12:25 am

Quoting ETStar (Reply 12):
Thought he/she would have noted its freighter'ness and mentioned it Wink

It was definitely not a freighter. It was parked right next to SAA's A340-600 and was at the same location when i returned a week later. Not sure if it moved at all.
 
PEET7G
Posts: 468
Joined: Wed Jan 31, 2007 10:00 pm

RE: Ethiopian's 6-month Profit At ~ $56 Million

Thu Mar 01, 2007 2:48 am

Congratulations to them!!! I hope they keep up the good work, and bring an other quality airline to the continent! Oh yeah... maybe OW membership in the future?
Peet7G

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