State-controlled Cyprus Airways said its 2010 financial results are expected "to be significantly more loss making" than 2009. CY is expected to report a full-year loss of around €30 million ($38.7 million), widened from a loss of €3.3 million in the prior year, the government said. CY increased passenger numbers in 2010 but revenue fell owing to greater competition, the financial crisis in Greece that affected demand on key Greece-Cyprus routes, the weakening of the ...

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