Cyprus Airways: Profit Warning

29-Jun-2012 Cyprus Airways Public Ltd (the "Company") informs investors that the loss for the first six months period of 2012 is expected to record a significant negative variance in comparison to the same period of 2011. This is mainly attributed to the continuing financial crisis and the intensifying competition in the main markets where the Company operates, especially by low cost carriers that receive subsidies. It is expected that the results of the second half of the year will record improvement following the implementation of the Restructuring Plan of the Company.