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Cyprus Airways reaps rewards of duty-free focusCyprus Airways reaps rewards of duty-free focus
6-Mar-2003
Cyprus Airways has announced strong growth in 2002 on the back of an impressive performance from its duty-free division
The airline's profit almost quadrupled to C£10.7m ($19.8m), with a 7.2% increase in turnover (to C£55.3m/$102.4m) for associated company Cyprus Airways Duty-Free Shops providing a C£7.1m ($13.1m) share of the carrier's profits.Bookmark This Article
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(2-Apr-2003) - CYPRUS. Cyprus Airways has announced strong growth in 2002 on the back of an impressive performance from its duty-free ground shop division.
(12-Apr-2006) - The airline's duty-free subsidiary posted its first loss as operator of the shops at Larnaca and Paphos, blaming the loss of intra-EU duty-free
(4-Feb-2005) - The country's main travel retailer is to represent Cyprus on the European Travel Retail Council
(15-Feb-2005) - CYPRUS. The European Travel Retail Council (ETRC) has granted associate membership to Cyprus Airways Duty Free Shops, allowing the retailer to represent its country’s travel-retail interests on the ETRC board
(13-May-2005) - Cyprus Airways Duty Free staff are to close stores tomorrow if no assurances are made to their job security once airports are privatised