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HomeAviationCyprus Airways announces its June 2023 results and half yearly figures

Cyprus Airways announces its June 2023 results and half yearly figures

Paul Sies, Chief Executive of Cyprus Airways.

Doubles passengers over June 2022. Airline carries four times more traffic during the first 6 months compared with last year; Airline carries 155% more traffic during the first 6 months compared to 2019.

LARNACA, CYPRUS – Cyprus Airways announced its June 2023 results during which it carried 59,110 passengers, doubling last year’s figures (June ’22: 29,979).

Last month the Cypriot flag carrier operated 478 scheduled flights (June ’22: 280 flights) and improved its load factor by 3%. Compared to June 2019 (the most important benchmark), before the start of the pandemic, Cyprus Airways carried 44% more passengers on its scheduled services and operated 34% more flights.

With the June results now confirmed, the airline is in a position to announce its half yearly figures. During this period Cyprus Airways carried 260,000 (scheduled and charter) passengers. Compared with the 64,000 passengers carried during the corresponding period last year, Cyprus Airways grew its business by more than 300%. Through the period January to June 2019 (pre-pandemic), Cyprus Airways carried 403,447passengers.

“We are now in peak summer and all our 18 destinations for this summer are operational. With over 60 weekly flights to a variety of destinations, we have made sure to offer a great summer schedule for our customers,” said Paul Sies, Chief Executive of Cyprus Airways.

“The congested airports and airways are themselves challenging. Furthermore, the use of wet leased capacity from 3rd party airline Nordica, helped us to increase our number of flights, however, this has not always delivered the punctuality we are used to of our own fleet. We apologise to anyone that has been touched or experienced such a delay.

“Over the last couple of months we have worked tirelessly on a project to upgrade and renew our aircraft fleet. We are now days away from welcoming the advanced Airbus A220 aircraft in our fleet. This will undoubtedly help us to offer a superior onboard travel experience to our passengers whilst improving our operational efficiency and environmental sustainability efforts. With our new aircraft coming on-line we will have more opportunities to absorb delays and deliver a better service to our guests”, commented Mr Sies.

The A220 boasts of a large and quiet cabin offering the widest economy seats and largest overhead stowage in its class. It also enjoys an impressive fuel efficiency with a 25% reduction in fuel burn per seat and a 50% less noise footprint than the previous generation of aircraft. The aircraft also has around 40% less NOx emissions than industry standards.

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Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.