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Hermes Airports: September traffic sets all-record with 1.4 million passengers

September ended on a positive note in terms of passenger traffic at Larnaka and Pafos Airports. Last month, 1.4 million passengers travelled to and from Larnaka and Pafos airports, further contributing to the upward trend observed this year. Compared to September 2023, passenger traffic increased by 7%, and this September’s performance set an all-time record for the month.

For September, the top markets for Larnaka Airport were the United Kingdom, Greece, Israel, Poland, and Germany, while for Pafos Airport, the top markets were the United Kingdom, Greece, Poland, Israel, and France.

The trend in passenger traffic has shown an upward trajectory over the past nine months. From January to September, a total of 9.5 million passengers travelled through both airports, representing a 5% increase compared to the same period last year.

In October, the flight schedule continues to hover at around 1,000 flights per week, and the data available for the winter season is very encouraging. Specifically, from November to March, an additional 300,000 seats have been added compared to the same period last year, which had already seen an increase.

The Director of Aviation Development, Marketing and Communication of Hermes Airports, Maria Kouroupi stated, “It is crucial to maintain the positive prospects for steady growth and to invest in the development of year-round connectivity, which will bring multiple benefits to our country.”

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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