Cyprus Airways lost 5.2 million Cypriot pounds in 1996
State-controlled Cyprus Airways lost 5.2 million Cypriot pounds (US$10.4 million) in 1996, said its chairman, Takis Kyriakides, last week in Nicosia. He stressed that increased competition is forcing the airline to cut costs. Despite the warning, the airline said it will give away 5,000 free tickets...
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