EgyptAir 777. Courtesy, MS EgyptAir (MS) has reported a 2011 decrease in profit to $12 million, down 75% year-over-year. The carrier, which had been in the middle of an expansion year, cited the civil unrest in Cairo and other parts of Egypt as reasons for the results (ATW Daily News, March 2, 2011). CEO Hossam Kamal told ATW that business traffic to and from Cairo is still being affected. “We [have] already cut costs by 30%, he said, adding that cost-cutting will be an ...

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