PPRuNe Forums - View Single Post - Tough times ahead for Cyprus Airways
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Old 16th Apr 2013, 13:51
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Walnut
 
Join Date: Jan 2006
Location: Cyprus
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They lost 56M euro in 2012 with 12 a/c, ie about 5M euro per a/c, with about 100 staff per a/c. So if they now halve the fleet and halve the staff the numbers will be the same. They will lose about 30M euro in 2013 and they are committing to pay large redundancy on top. So no change. I am told that just about anyone with influence in the airline or Govt gets a free ride. An airline this size just can not survive
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