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Air transport in south Cyprus declines dramatically in Q1 2015

Air transport in south Cyprus declines dramatically in Q1 2015A dramatic decline of 95,6% air transport recorded in the first quarter of 2015, compared to the corresponding quarter of 2014, according to data released Thursday by the Statistical Service of South Cyprus.
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According to Greek Cypriot press, specifically, from €26,2 million in the period January - March 2014, air transport fell to € 1,2 million in the corresponding period of 2015. Air transport amounted to € 29,4 million in the last quarter of 2014, just before the closure of Cyprus` national carrier Cyprus Airways announced on January 2015. T

he Turnover Value Index of Transport and Storage for the first quarter of 2015 recorded an increase of 1,9% compared to the corresponding quarter of 2014.

By economic activity, an increase of 22,7% was recorded in water transport and 7,3% in warehousing and support activities for transportation, over the corresponding quarter of 2014. A decline of 3,0% for postal and courier activities and 0,4% for land transport was recorded during the same period.


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