31-Aug-2009 1:50 PM

Cyprus Airways expects 2009 losses to worsen

Cyprus Airways revenue down 17% - financial highlights for the six months ended 30-Jun-2009 (Thomson Reuters, 28-Aug-2009):

  • Revenue: EUR116.3 million, -17% year-on-year;
  • Net profit (loss): (EUR3.5 million), compared to a loss of EUR7.2 million in the previous corresponding period.

The carrier expects FY2009 losses to be worse than the EUR1.7 million in losses incurred in 2008.