Cyprus Airways reported an €11.7 million ($16 million) loss in the first six months of 2007, narrowed from a deficit of €40 million in the year-ago period that included the results of charter subsidiary Eurocypria Airlines, which was sold to the Cypriot government last year (ATWOnline, July 12, 2006). Revenue fell 15% year-over-year to €126.5 million but rose 12.3% if Eurocypria's contribution is excluded from the comparison figure. Expenses declined 21.6% to €135.9 ...

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