Volkswagen Faces A 37% Drop In Quarterly Profit Amidst Tariff Pressures

by News Editor

April 30, 2025

The automotive world is abuzz as Volkswagen, the German powerhouse, reports a significant slump in its first-quarter profits, battling the ongoing U.S. tariffs impacting the global car industry.

Volkswagen’s operating profit fell to 2.9 billion euros ($3.3 billion), down 37% compared to last year. However, the company saw a slight increase in sales revenue, up 2.8% to 77.6 billion euros, bolstered by robust vehicle sales in non-Chinese markets. Revenue growth highlights the positive turn, but challenges persist as the company previously warned of operating profit impacts due to special effects.

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Strategic Adjustments in a Volatile Market

Arno Antlitz, Volkswagen’s CFO and COO, emphasized a strategic focus on cost competitiveness alongside its extensive product lineup. The aim is to thrive even amidst the rapidly changing global landscape.

Key Q1 Highlights

Vehicle sales hit 2.1 million, marking a 0.9% year-on-year increase.
Western Europe reported a 29% surge in vehicle orders.
Net cash flow improved to -0.8 billion euros.

Looking forward, Volkswagen warns of challenging conditions due to political and trade uncertainties. Despite this, there’s an air of optimism as the industry adapts to new constraints.

Global Tariff Uncertainty Looms

The volatile landscape continues, with recent U.S. tariff alterations unsettling auto manufacturers. President Trump’s recent executive order aims to reduce cumulative tariffs, potentially easing some pressures. However, additional tariffs on auto parts pose ongoing challenges, adding layers of complexity to global supply chains.

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Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

by THEFUTURE.TEAM

September 18, 2026

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

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Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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