Cyprus Airways, which had endured losses for four straight years, yesterday reported a €1.2 million ($1.8 million) profit for 2007, reversed from a net loss of €7.4 million the previous year. "After four difficult years of recording losses in the tens of millions, it appears that Cyprus Airways has finally been able to win the bet over its survival," Chairman Kikis Lazarides said at a news conference. "Prospects are favorable for registering a profit in 2008." The airline said in ...

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