September 14, 2024

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Ethiopian airline

Ethiopian Airline Reverses Ticket Price Increase

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Ethiopian Airline today reversed its earlier decision of increase in ticket price for domestic flights.

According to the new ticket prices shown by the airline today on its official website, the increase in prices (in birr) for domestic flight tickets has been withdrawn.

Yesterday the Ethiopian airlines almost doubled the flight fare (in birr) for international flights. The price saw no big change in dollar and other foreign currencies. The price change mainly happened because of devaluation of birr. Ethiopian currency birr has recorded around 75% decline in one week according to the official exchange rates published by the Commercial Bank (CBE) and National Bank of Ethiopia (NBE). Some private banks depreciated birr around 90% against dollar.

The airline yesterday said that its ticket prices were linked to dollar and new prices had been determined in accordance with new foreign exchange rates published by the CBE.

After public outcry, the state carrier reversed its decision of increasing domestic flights fares. Addis Ababa-Gondar, Addis Ababa-Mekelle, Addis Ababa-Komobolcha, Hawasa-Gondar etc flight prices have been restored to the previous price.

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Birr Exchange Rates in Parallel Market Today