euro adhoc: SkyEurope Holding
quarterly or semiannual financial statement /
Report on the Third Quarter (Q3) of the Financial Year 2007
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report/SkyEurope
31.08.2007
Report on the Third Quarter (Q3) of the Financial Year 2007
SkyEurope Holding AG reports a record EBITDAR Q3 and appoints new CEO to its subsidiary SkyEurope Airlines, a.s.
Jason Bitter appointed CEO of SkyEurope Airlines, a.s., Christian Mandl remains CEO of SkyEurope Holding AG focusing on strategic projects. A positive EBITDAR Q3 achieved with margin improving by 18.3pp vs Q3 2006 and 20.5pp on a YTD basis. EBIT margin also improves by 19.5pp for the quarter and on a YTD basis. Loss per share decreased significantly during the quarter from EUR 0.83 to EUR 0.13. Growth is maintained with revenues increasing by 26% during Q3, passengers flown grows to 927 thousand up from 702 thousand despite less average aircraft in the quarter than in Q3 2006. Revenue per available seat kilometre improves 5.5% in Q3 2007 and 9.9% on a YTD basis. Aircraft utilisation improves by 16.7% during the quarter to 11:25 hours (up from 9:46 in Q3 2006) with continued focus put on efficient operations. Continued and constant focus on cost reductions showing results with a CASK (ex fuel) decreasing 6.9% during the quarter. SkyEurope maintains its punctuality and reputation as one of the most punctual airlines in Europe. Two new 737-700 NG aircraft were delivered in Q3 and SkyEurope´s fleet is now the youngest in Europe with an average age of 8 months. The first part of the 2007/08 winter schedule was announced focusing on increased frequencies to European destinations and an overall improved product, featuring higher frequencies to less destinations and more convenient departure times. Full year guidance is maintained with full year EBITDAR expected to be positive with an EBIT positive 4th quarter.
end of announcement euro adhoc 31.08.2007 07:55:50
Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 2 4850 1332
mailto:investor.relations@skyeurope.com
http://www.skyeurope.com
Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI
Börsen: Wiener Börse AG / official market