Ethiopian Airlines coronavirus losses soar to $550m
Global airlines group IATA warns about 25-million jobs in the aviation industry are at risk due to plummeting demand
07 April 2020 - 19:42
Addis Ababa — Ethiopian Airlines CEO Tewolde Gebremariam said on Tuesday the airline lost $550m from January to April because of the coronavirus outbreak.
“Due to coronavirus the airline is working at only 10% of its flight capacity and so far we have lost $550m,” Tewolde told reporters during a briefing in Ethiopia's capital Addis Ababa...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now