Cyprus Airways Remains Positive Regarding Recovery Of The Air Travel Market

Following a commitment of over Eur50 million worth of new aircraft, strong team formation, and a new strategic plan, the airline is clearly positioned for positive results.

19 July 2022 – Larnaca, Cyprus. Cyprus’s flag carrier has used this recent time of limited mobility to gather its strengths and rewrite its strategic plan, earlier this year. All indications show its recovering in the right direction. It recently added two new aircraft (Airbus A320) with space for 180 passengers to its fleet and employed 10 additional crew sets (50 people) to operate the new aircraft.

A commitment of over Eur50 million worth of aircraft, changes in the senior management team, and thorough strategy change in pricing and distribution, clearly indicated results with July load factors (to date) are unprecedented. Athens secured a 97%, Tel Aviv 95%, Thessaloniki 100%, Heraklion 99%, Beirut 88% seat load factors.

Paul Sies, CEO of Cyprus Airways said, “we are very proud of the great work our teams have done the past months and are happy to see we can help so many happy guests get to their destinations. We are even helping many passengers that were stranded as their airline of choice cancelled or delayed their flights.”

According to the European Travel Commission, Europe will recover 70 per cent of pre-COVID-19 travel demand this year and continue to grow into a positive direction. Cyprus’ flag carrier airline is ready for the challenge of the high travel demands of our people as well as offering capacity to other airlines to help them cope with issues. In July and August one of the Cyprus Airways aircraft is stationed in Riga operating on behalf of the national carrier Air Baltic.

“We will be adding additional frequencies to the most popular destinations this fall to allow even more people to benefit from the best value for money Cyprus Airways offer”, Mr. Sies adds. We believe that connectivity to the Country is essential to allow the tourism industry and related economy recover to its fullest. With consumer behaviour changing rapidly and more people trying to avoid the peak travel period, we believe it’s time the Cypriot Government invests in Winter (year-round) Tourism. For that to happen, connectivity to Cyprus is key. Cyprus Airways under its new strategic plan is the best positioned partner for the Government to achieve this.