The positive performance is attributed to network expansion and successful penetration into international markets which have yielded positive results with international passenger traffic up 17 percent to 1.1 million travellers.
A significant improvement was generated in load factor on both domestic and international routes, soaring eight percentage points to 77 percent, a record high level for a winter season.
Dimitris Gerogiannis, managing director, Aegean Airlines, commented, "[…] The evolution of load factors as well as pre-bookings for the summer season, which basically shape our financial performance, remains encouraging for the full year."
Arrivals reached 140,873 in March, compared to 137,013 for the corresponding period in 2016, recording an increase of 2.8 percent.
The arrivals from the UK and Russia were particulary high, with a significant increase also recorded from Israel and France.
The survey further indicated that 68.3 percent of tourists visited the island for leisure, 15.5 percent for spending time with friends and family while 16.1 percent arrived for business purposes.
The statistics revealed that most of the tourists visiting Cyprus in March fell in the age group 20-44 years, while men comprised 48 percent of tourists and women 52 percent.