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In the middle of May in the Russian travel market tickets to Larnaka were available for 120Euro only, while, according to experts, the minimum cost of the air traffic to the destination is 200Euro. Moreover, tour packages to Cyprus also decreased in price by around 10%.
Meanwhile, experts explain the current drop in prices for Cyprus by excess of air traffic volume that was forecasted a month ago (news/ 14.04). Given the fact that the majority of travel market players have increased air traffic volume ‘around 400 seats are excessive’, said Alexander Tugolukov, Director of Biblio Globus. Furthermore, there is an opinion behind the scenes that the current excess of flights was provoked by the initiative of some consolidators who launched new flights without selling blocks on them.
On the other hand, some experts believe that drop in price is a seasonal tendency also typical for other destinations. ‘I think the situation will stabilize by the end of May, followed by good sales depth for June, July and August’, stated German Bagriyan, General Director of Super Nova.
