ARC NEWS
​Cyprus Airways names new commercial chief
August 22, 2023
Cyprus Airways has appointed Christos Limnatitis as its new chief commercial officer. Limnatitis joins from telecoms operator CYTA, where he has been marketing and sales manager since January last year, according to his LinkedIn profile. He has held various positions at the company since 2015. "We are delighted to welcome Christos Limnatitis as our new chief commercial officer," states Paul Sies, Cyprus Airways' chief executive. "Christos's proven track record in enhancing customer satisfaction and his innovative approach to personalised service will undoubtedly elevate our airline's reputation as a customer-centric industry leader." Cyprus Airways says Limnatitis will shape its overall customer experience, strengthening relationships with passengers and meeting their evolving needs. "I am truly excited to join the Cyprus Airways family," states Limnatitis. "I look forward to working closely with the team to elevate our passengers' experiences, nurture lasting connections with our loyal customers, and attract new travellers to enjoy the unmatched services Cyprus Airways has to offer."


​Early summer traffic shows 'strong start' to season: IATA
August 21, 2023
Global traffic as measured by revenue passenger-kilometres rose 31% year on year in June, to 94% of 2019 levels, evidencing a "strong start" to the summer season, according to IATA. The airline association observes ongoing momentum in the recovery from the pandemic, citing growth across all regions of the world. Domestic traffic was up 27%, and 5.1% above June 2019. The recovery in international markets reached 88%, a year-on-year increase of over a third. "The northern summer travel season got off to a strong start in June with double-digit demand growth and average load factors topping 84%. Planes are full which is good news for airlines, local economies, and travel and tourism dependent jobs. All benefit from the industry's ongoing recovery," states IATA director Willie Walsh. The association's data shows that the recovery in international markets has been fastest in Asia-Pacific over the past year, with RPKs more than doubling on 2022. Next is Africa, up 35%, and the Middle East, up 29%. "As strong as travel demand has been, arguably it could be even stronger. Demand is outrunning capacity growth," adds Walsh. "Well-documented problems in the aviation supply chain mean that many airlines have not taken delivery of all the new, more environmentally friendly aircraft they had expected, while numerous aircraft are parked awaiting critical spare parts. "And, for the fleet that is in service, some air navigation service providers (ANSPs) are failing to deliver the requisite capacity and resilience to meet travel demand."


​Air Serbia first half passengers grow 87%
August 21, 2023
Air Serbia has seen passenger numbers surge to 1.7 million through the first half of the year, an increase of 87% on last year and 59% on 2019. The gave it a roughly 50% market share it is Belgrade hub, rising to 55% in June, it states. The number of flights rose to over 19,000, a 63% increase on the same period of 2019. “The effect of good business operation is a record financial result,” it states. “According to preliminary financial reports, in the first half of the year, we achieved a profit of 22.4 million euro, which is at the level of the profit for the whole of 2022.” It repaid €20 million ($22 million) to the government of Serbia for funds received during a recapitalisation process that was launched in 2021. The company is majority-owned by the government of Serbia, with a minority stake held by Etihad, and operates a fleet of 29 aircraft. The company focusses on connecting the Balkans with Europe and select long haul routes via its Belgrade hub.


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