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Cyprus Airports Set Record Passenger Traffic In 2024

Passenger traffic at Cyprus’ Larnaca and Paphos airports reached an all-time high in 2024, according to the Ministry of Transport, Communications, and Works. The record-breaking year marked a milestone in the island’s aviation history, highlighting Cyprus as a robust hub for tourism and business travel.

Key markets driving this achievement included the United Kingdom, Greece, Israel, Poland, and Germany, collectively accounting for 64% of the 7.8 million passengers who travelled through the airports. Among the top destinations were London and Athens, each attracting around 1.4 million passengers, followed by Tel Aviv with approximately 1 million travelers, and Thessaloniki, Manchester, and Vienna.

In a press release, the Ministry highlighted that passenger traffic for January through December 2024 surpassed all previous records, with a 5.6% growth compared to 2023 and a 9.1% increase over pre-pandemic levels in 2019. These figures underscore the sector’s remarkable recovery and Cyprus’ rising appeal as a destination.

“Despite economic pressures and geopolitical uncertainties, Cyprus has demonstrated resilience in tourism,” the Ministry stated. Travel patterns showed an encouraging trend, with demand extending beyond the traditional summer months. Passenger numbers for January to March and September to December rose by over 7% compared to the previous year.

The busiest travel months, May to October, accounted for 67% of total traffic, with 8.2 million passengers passing through the airports. August set the record as the busiest month, with Larnaca Airport seeing its peak daily traffic—21,189 passengers—on August 26. March stood out as the fastest-growing month, with a 12% year-on-year increase in passenger numbers.

December also closed the year on a high note, with 654,760 passengers passing through Larnaca and Paphos airports—a 10.5% rise compared to December 2023. While Larnaca saw a 15.06% increase, Paphos experienced a slight decline of 0.74%. Christmas Day marked the quietest moment of the year, with just 341 passengers at Paphos Airport.

Aircraft traffic mirrored the growth trend, with 5,732 flights recorded in December—a 4.12% increase over 2023.

The Ministry credited its success to incentive schemes introduced in 2012 in partnership with Hermes Airports. Backed by €240 million in targeted investments, these initiatives have opened new markets, boosted connectivity, and enhanced Cyprus’ competitive edge in the civil aviation sector.

Transport Minister Alexis Vafeades reaffirmed the government’s commitment to further strengthening the industry. “We will continue promoting initiatives that enhance resilience and improve connectivity, ensuring Cyprus remains a top choice for travelers worldwide,” he said.

This record-breaking year for Cyprus’ airports underscores the island’s enduring appeal and the effectiveness of long-term strategic investments in aviation and tourism.

Cyprus Fuel Prices Drop 7.9% In July, Among EU’s Largest Declines

Cyprus Among EU Leaders In Monthly Fuel Price Declines

Cyprus recorded some of the largest monthly fuel price declines in the European Union. Diesel prices fell 7.9% in July, the sharpest monthly decrease in the bloc, followed by Sweden at 7.4% and Ireland at 6.4%.

Petrol prices also declined sharply in Cyprus, with the country recording the second-largest monthly drop after Sweden, where prices fell 11.1%.

Annual Fuel Costs Remain Above 2025 Levels

Despite the monthly decline, fuel remains significantly more expensive than a year earlier. In June 2026, the cost of fuels and lubricants for personal transport in Cyprus was 18.6% higher than in June 2025, placing the country among the EU members with the largest annual increases.

Across the EU, the annual increase slowed from 20.7% in May to 13.7% in June before rising to 16.9% in July. Monthly declines therefore have not yet brought fuel costs back to 2025 levels.

Fuel Costs Continue To Affect Businesses

Lower prices in July reduced some of the pressure on households after months of higher fuel costs. Businesses that rely on road transport remain more exposed to the annual increase, which can affect logistics and operating costs.

Cyprus therefore recorded a sharp monthly decline while still facing one of the larger year-on-year increases in the EU.

Cyprus Ranks Among EU Countries With Lowest Fuel Prices

Weekly data from the European Commission’s Weekly Oil Bulletin showed average prices in Cyprus at €1.56 per litre for 95-octane unleaded petrol and €1.70 for diesel at the beginning of August.

Using data with a reference date of Aug. 17, Cyprus had the fifth-lowest petrol price among the EU’s 27 countries. Diesel prices were also the fifth-lowest in the bloc.

The July decline has reduced fuel prices in Cyprus, but costs remain above their levels a year earlier.

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