euro adhoc: SkyEurope Holding
Financial Figures/Balance Sheet
SkyEurope
continues turnaround, reducing costs and improving margins
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
3-month report/Q1 report
29.02.2008
Reorganization shows first positive effects - Operating margins improved Q1 EBITDAR and EBIT margins improve by 1.9 and 2.4 pp respectively despite investment in Vienna and Prague and high fuel prices. Considerable start-up costs due to the reallocation of aircraft capacity to Vienna have been already offset in part by improved cost structure and higher efficiency Build-up of Vienna Airport as a major base is an investment in a mature and affluent market Focus on high aircraft utilisation and cost reductions pay-off as cost per seat falls 15.9%. Aircraft utilisation increases by 14.1% to 10:33 hours. Headcount reduced from 843 to 727 reflecting efforts to reduce headcount and improve staff efficiency Continued strong revenue growth up 32.2% from Q1 2007. Passengers flown reached 860 thousand up from 600 thousand. Seat load factor at 71% despite a 54.3% increase in capacity. Yield improves by 2.9%. Steven Greenway appointed as Chief Commercial Officer effective 1 December 2007.
The whole financial Q1 report for FY 2008 you can find on www.skyeurope.com under "Investor relations".
end of announcement euro adhoc
Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 915 782 432
mailto:investor.relations@skyeurope.com
Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI
Börsen: Wiener Börse AG / official market