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3-Sep-2012 2:30 PM

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]

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