Ethiopian Airlines said it posted a ETB507 million ($51.2 million) profit in the fiscal year ended June 30, which would mark a significant improvement over profits of just over $14 million in each of the prior two fiscal years. Revenue rose 34% year-over-year to ETB9.2 billion while expenses were up 31% to ETB8.8 billion. Passenger numbers climbed 20% to 2.5 million. "The substantial growth in revenue and the resultant operating profit are directly attributed to the apparent growth of ...

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