Cyprus Airways reported a €1.7 million ($2.2 million) profit in 2008, up 41.7% from the €1.2 million earned in 2007, on a revenue increase of 8% to €311.4 million. It credited fuel surcharges and rising passenger numbers for the boost in turnover. Full-year operating profit plunged 64.8% to €1.9 million from €5.4 million as expenses rose 9.9% to €311.3 million. Fuel costs were up 42.1%. The year-over-year comparison in net results was helped by €3.3 ...

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