Manufacturing Industry
Cyprus Airways reports higher 2004 net less after assuming Hellas Jet losses
Airline Industry Information, May 19, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
Cyprus Airways has reported net losses of CYP39.4m (about USD86.2m) for 2004.
The airline also said that the net loss widened because it assumed the losses of its Greek subsidiary Hellas Jet. The Greek subsidiary will reportedly be terminated. Hellas Jet was formed in 2003 and was based in Athens, set to benefit from an expected increase in business to Greece for the 2004 Olympics, Reuters reported.
((Comments on this story may be sent to aii.feedback@m2.com))
COPYRIGHT 2005 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
Most Recent Business Articles
- Your feedback
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- The CLNC® mentors held the key to my first case and to my CLNC® success
- Atlanta CLNC® 6-day certification seminar photo gallery—plus sign up today for spring 2009 to save $100.00
- Announcing the 2009 NACLNC® conference keynote speaker, Stedman Graham: move like a maverick for breakaway CLNC® success at the 2009 NACLNC® conference
Most Recent Business Publications
Most Popular Business Articles
- Using object-oriented analysis and design over traditional structured analysis and design
- Big Fish Games Migrates Upstream to Fisher Plaza; High Growth Online Gaming Firm Vaults Fisher Plaza Occupancy Rate Above 90%
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- Sand filter basics: high-rate sand filters can be confusing for those new to the business. Understanding valve modes is the key
- BEHR Paints Introduces a Colorful New Way to Paint and Prime All in One with BEHR Premium Plus Ultra™ Interior
Most Popular Business Publications
Content provided in partnership with
Sponsored by Merrill Lynch