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Cyprus Air expects negative 2011 results
NICOSIA |
NICOSIA Feb 24 (Reuters) - Cypriot flag carrier Cyprus Airways said on Friday its full-year financial results would be negative, hit by intensified competition and rising fuel costs.
Results would be a "significant departure" from 2010 results, the company said in a stock exchange filing. Cyprus Airways made a small net profit of 215,000 euros in 2010.
The board of the airline will meet on Feb. 28 to discuss full-year results and capitalisation issues.
(Reporting By Michele Kambas; Editing by Hans-Juergen Peters)
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