Cyprus Airways lost €3.3 million ($4.4 million) in 2009, reversed from a €1.7 million profit in 2008, as traffic and yield fell sharply. The carrier attributed the result to the "world economic crisis that adversely affects the airline industry." Revenue dropped 20.1% to €249 million and the operating loss of €5.7 million compared to a €2 million surplus the prior year. CY said it has sufficient liquidity to meet its obligations. It sold three older A320s last year and hopes to find buyers ...

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