Ethiopian Airlines posted a net profit of ETB1.35 billion ($117 million) in its fiscal year ended June 30, a 165% increase over the prior year's figure and a company record. Fresh off the carrier's blockbuster order for 12 A350-900s and five 777-200LRs (ATWOnline, July 30), CEO Girma Wake called the result "noteworthy and rewarding" and said ET survived "cutthroat competition in the industry, global economic crisis, escalating operational and capital costs led by the less predictable and ...
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