ASKY reports profit in 2015

ASKY Airlines, the regional airline business of the West African economic bloc ECOWAS, has reported a net profit of $4 million in 2015. The CEO of ASKY Airlines, Henok Teferra said: “This remarkable result validates the success of our business strategy; the commitment and hard work of my colleagues, and the exemplary pan-African strategic partnership with Ethiopian Airlines. Despite the daunting challenges of the operating environment in West and Central Africa characterized by much higher operating costs than in other regions and the decline in travel demand due economic slowdown triggered by a sharp fall in commodity prices, we were