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Cyprus Airways losses more than double in 2012, revenue down 18%

5-Mar-2013 3:03 PM

Cyprus Airways reports (04-Mar-2013) the following financial highlights for the 12 months ended Dec-2012:

  • Revenue: EUR175.5 million, -17.6% year-on-year;
  • Operating expenditure: EUR224.9 million, -16.7%;
  • Operating loss before finance (expenses)/income: (EUR49.7 million), compared to a loss of EUR25.5 million in p-c-p;
  • Loss for the year: (EUR55.8 million), compared to a loss of EUR23.9 million in p-c-p. [more – original PR]