Cyprus Airways operating loss widens in 1H2012

Cyprus Airways revenue down 21% - financial highlights for six months ended 30-Jun-2012:

• Revenue: EUR71.4 million, -21.2% year-on-year;
• Operating costs: EUR104.9 million, -14.3%;
• Operating profit (loss): (EUR33.8 million), compared to a loss of EUR29.9 million in p-c-p;
• Net profit (loss): (EUR32.7 million), compared to a loss of EUR30.2 million in p-c-p;
• Passenger numbers: 75,000;
• Load factor: 63.8%, -3.5 ppts;
• Total assets: EUR94.7 million, -33.2% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: EUR7.4 million, -74.4% when compared to period ended 31-Dec-2011;
• Total liabilities: EUR143.4 million, -9.2% when compared to period ended 31-Dec-2011. [more - original PR]