Ethiopian Airlines said "preliminary reports" suggest it earned a record ETB484 million ($50 million) profit in the fiscal nine months ended March 31, a result it said was "appreciably higher" than the year-ago period. Revenue rose 29% year-over-year to ETB6.6 billion on a 19% lift in passengers to 1.9 million, the carrier announced. It credited increased frequencies, new international services and its freight business for driving revenue growth. Operating expenses climbed 21%. ET will ...

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