Airfares in Cyprus were 5% higher in August 2026 than in the same month of 2025, while prices across the European Union fell by 0.4%, according to data released Friday by Eurostat.

Prices for package holidays in Cyprus also moved higher, rising 3.7%. Across the EU, the equivalent increase was 3.2%, matching the bloc’s overall inflation rate.

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The Biggest Airfare Gains And Declines

Greece recorded the sharpest annual increase in airfares, up 16.3%, followed by Ireland with a 14.4% rise.

At the other end of the market, prices fell in 10 member states. Slovakia saw the steepest drop, plunging 61.2%. Among the remaining countries with declines, reductions ranged from 15.8% in Spain to 0.9% in Lithuania.

Where Package Holidays Rose Most

In package holidays, Belgium posted the largest annual increase, at 16.2%. Portugal followed with 14.3%, Sweden with 12.8%, Lithuania with 12.3%, and Romania with 11.9%.

Price declines were recorded in four member states. Estonia saw the biggest fall, down 21.1%, followed by Spain at 5.2%, Italy at 4.8%, and Ireland at 0.4%.

Volatile Pricing Since Early 2025

Eurostat said passenger air transport and package holiday prices in the EU have shown sharp swings since January 2025, with airfares proving more volatile.

In April 2025, airfares rose 13.7% year on year, before falling 3.2% the following month. The pattern continued into 2026. Prices declined 2.9% in January and 4.7% in April, then rebounded to an 8.1% increase in May.

Package holidays followed a similar but less dramatic trajectory. Annual increases reached 8.3% in January 2025 and 8% in February. In April that year, the rise eased to 7.7%, while from June through October annual changes moved closer to the general inflation rate.

In April 2026, package holiday prices fell 0.5% year on year, before returning to growth in the months that followed and reaching 3.2% in August.

Source: Cyprus News Agency (CNA)