Cyprus is a long way off from the infection levels in the UK's green list destinations like Iceland or Malta. Furthermore, infection levels in Cyprus have increased significantly in the last 7 days. It's possible Cyprus makes the green list in 2 weeks time... but it doesn't look very likely
As a passenger, Easyjet cancelling a lot of UK-Cyprus flights is annoying. Easyjet might have a different view on whether it should operate lots of flights between the UK and amber list destinations, and how profitable these flights might be