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Cyprus Leads European Aviation Recovery With 24 Percent Surge

Cyprus’ exceptional surge in commercial flight activity marks a significant milestone in Europe’s aviation recovery. According to the latest Eurostat data, the island recorded a 24.1 percent increase in September 2025 compared to the same month in 2019, outpacing its EU counterparts.

Impressive Metrics Amid A Mixed Recovery

Across the European Union, total commercial flights in September 2025 reached 653,072, reflecting a modest year-on-year growth of 2.6 percent. Nevertheless, overall performance remains 1.8 percent below pre-pandemic levels, underscoring an uneven recovery across regions.

Regional Variations And Market Leaders

Southern and eastern member states have largely surpassed 2019 benchmarks, with Cyprus, Portugal, Malta, and Romania leading the resurgence. In contrast, several northern countries continue to struggle; Latvia, Sweden, and Finland reported figures that are 29.8 percent, 27.3 percent, and 23.9 percent below their 2019 levels, respectively. Cyprus’ rebound, driven by robust tourism demand and an influx of charter and low-cost carriers at Larnaca and Paphos airports, has set a new standard in the region.

Tourism Demand Driving Smaller Markets

The island’s performance is further bolstered by a flourishing summer tourism season, with over 3 million arrivals recorded between June and August 2025. This surge exemplifies how smaller markets can outperform larger economies once aviation routes are reestablished and demand rebounds. Major hubs like Spain and Italy edged closer to full recovery, operating within three percent of their 2019 traffic levels, while Portugal even surpassed its historical figures by nearly six percent.

Looking Ahead For European Aviation

The overall European aviation network now operates at roughly 98 percent of its pre-Covid capacity, with the first nine months of 2025 witnessing around 5.7 million commercial flights – a three percent increase year-on-year. As August’s traffic nearly reached 2019 levels, the summer months continue to be the engine of recovery, hinting at a cautiously optimistic outlook for the industry.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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