Cyprus-Forum.com

[Oracle]

What a pathetic attempt at blindly damning something purely for being Cypriot without any degree of comparison with similar bodies. Zero marks for research!

Imagine if these were privately owned companies - CA lost 25 million in 6 months and Eurocypria asked for 35 million in May to cover its debts - they'd be shut down overnight.

If it could all be put down to the financial crisis I could be more understanding, but this has been going on for years! I can't even remember the last time CA made a profit.

Taxpayers, we are getting ripped off.

Your memory is very poor then since it wasn't that long ago:

"CYPRUS Airways (CY) made a profit for the second successive year in 2008, despite a huge increase in fuel costs and the added financial burden caused by a "tired out" fleet of aircraft, Executive Chairman Kikis Lazarides said yesterday."
Source: High Beam


And, before I embark on something as unfair and one-sided as you, I believe all the airlines which suffered from the Icelandic Volcanic ashes were afflicted with huge costs. Although, for example, BA's longstanding problems are world-renowned.

Perhaps it's your appreciation of retaining nationalised industries which is at fault. Maybe you are a daughter of "sell everything off Thatcher"!

What a brilliant example of being paranoid about being Cypriot. I didn't comment on this because they're Cypriot, but because they lost a lot of money - 25 million in 6 months. If they made a profit in 2008, trust me it was an aberration.

BA is also pretty inefficient, I don't think anyone would deny that, especially the pilots - who I heard complain over the loudspeaker during a flight about BA.

Why?

[Oracle]

BTW:

It's not "paranoia".

You were simply wrong to pick on an isolated incident ( 6 months post Volcanic ash crisis ?) and make sweeping statements.

[CyprusNewsReport]

It's a figure of speech. Let's do the math. 35 million in taxpayer's money to pay off debt plus 25 million in losses for CA, hmmm, comes to 60 mill - in 2008 they made 1.7 mill profit? Not memorable, like I said.

[Get Real!]

A quick look in the past shows that CA made a profit every year up to and including 2008!

So the 2009 and 2010 downturn seems to be in line with the global recession.

[CyprusNewsReport]

BTW:

It's not "paranoia".

You were simply wrong to pick on an isolated incident ( 6 months post Volcanic ash crisis ?) and make sweeping statements.

If I was wrong then why are they merging Eurocypria and CA? Is the government wrong too? And is it 'right' to go on paying for inefficient airlines? It's not about loyalty - are you so rich that you can keep shovelling your taxes into losing propositions?

[Z4]

It serves them right for not charging high prices for airfare!

Especially the stingy Brits, they should be charged at least double!

GR, who was the last carrier you flew out with?

[Get Real!]

It serves them right for not charging high prices for airfare!

Especially the stingy Brits, they should be charged at least double!

GR, who was the last carrier you flew out with?

I don't fly... I teleport.

[gauss]

The airline industry in its 100 year history has made a cumulative loss...but don't take it from me:

Warren Buffett observed that the world airline industry has not made a dime for investors in a century of manned flight.

Airlines are simply not viable without government support, even if it is difficult for the uninitiated to identify the implicit government subsidy in historic and current airline operations.

For more:
http://www.johnkay.com/2005/09/27/airlines-and-the-canine-features-of-unprofitable-industries/

http://en.wikipedia.org/wiki/Airline#Economic_considerations

Lesson over.

[CyprusNewsReport]

A quick look in the past shows that CA made a profit every year up to and including 2008!

So the 2009 and 2010 downturn seems to be in line with the global recession.

I wish. From 2002-2006 CA had four straight years of losses. Direct quote from Chairman Lazarides: "After four difficult years of recording losses in the tens of millions, it appears that Cyprus Airways has finally been able to win the bet over its survival."

[B25]

CA loses money because anyone who works for it can fly free, their family and friends fly free, they can ship whatever they like for free and that my dear watson is why they don't perform as well as they should.

otherwise rock on CA they only real carrier for Cyprus. BA, is shite, too expensive and is 2nd class.

The lowcost airlines, well, no comment, you get what you pay for.

I wouldn't fly any other carrier but CA. May they live long and prosper!