Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Cyprus Airways Carries 15% Fewer Passengers in First 10 Months

Nov. 21 (Bloomberg) -- Cyprus Airways, the country’s state-controlled carrier, said it carried 15 percent fewer passengers in the first 10 months of the year after cutting capacity by 17 percent.

Passengers dropped by 210,000 from the year-earlier period, after the number of seats available was cut by 336,000 amid lower demand, the Nicosia-based airline said in a filing to the Cyprus Stock Exchange today. That helped to increase capacity use to 73.1 percent from 71.6 percent.

Cyprus Airways will make a profit of 7.6 million euros ($10 million) from the sale of two spare engines in the coming days. It will also return two leased A330-200 aircraft a year ahead of schedule. That is likely to bring “significant improvements in operating results,” according to the filing.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.