SkyEurope Holding

euro adhoc: SkyEurope Holding
Annual Reports
Annual Report of SkyEurope Holding a.s.

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annual report

17.01.2008

SkyEurope Holding is publishing its Annual Report for 2007. Below you can find highlights of the report and financial highlights of the group. The full version of the annual report you can find on the webpage of SkyEurope on www.skyeurope.com/InvestorRelations/ShareholderMeeting.

HIGHLIGHTS OF THE REPORT New experienced aviation management team appointed including CEO, CFO, and CCO

First profitable quarter ever with Q4 EBIT of EUR 14.3 million

Best financial year ever, with an EBIT margin of - 8.9%

New base in Vienna opened on 25 March 2007

Record number of carried passengers per year, over 3.3 million and 8.2 million during SkyEurope´s history

Highest load factor in the history of SkyEurope Airlines of 90.8% in August 2007 and 82.8% for the year

Year on year revenue growth of 41%

Unit costs reduced by 6.6%

Reallocation of capacity from Krakow and Budapest to Vienna and Prague in order to simplify operations

SkyEurope Airlines completes fleet renewal process and now has the youngest commercial fleet in Europe with 14 brand new Boeings 737-700NG

The first directly purchased Boeing 737-700NG is delivered in July 2007

SkyEurope introduces an improved product focusing on less destinations and higher frequencies

FINANCIAL HIGHLIGHTS OF THE GROUP

In thousands of EUR
(12 months ended 30 September)    2007      2006    Change

Financial ratios
Operating revenue                 236,177              185,358        27.4%
EBITDAR                                    9,604              (32,143)        n.m.
EBITDAR margin                            4.1%              (17.3%)    21.4 pp
EBIT                                      (20,913)            (55,477)      n.m.
EBIT margin                              (8.9%)              (29.9%)      21.4 pp
Loss before income taxes      (20,203)            (58,080)      (65.2%)
Net loss for the period        (24,070)            (57,292)      (58.0%)

Equity                                    (2,738)              16,369      (116.7%)
Cash and cash equivalents      11,579                41,789        (72.3%)

Operating data
Average no. of aircraft              12.9                 14.0         (7.7%)
No. aircraft at period end         14.0                 14.0        0.0%
Passengers                          3,312,443         2,560,597        29.4%
Aircraft utilisation (BH per day)10:45              9:29        13.2%
ASK (million km)                         4,230                3,703      14.2%
RPK (million km)                         3,503                2,801      25.1%
Load factor (RPK/ASK)                 82.8%              75.6%        7.2 pp
Revenue per ASK (EURc)                 5.58                5.01        11.5%
Revenue per seat (EUR)                 58.2                52.8        10.2%
Yield in EURc (Rev./RPK)              6.74                6.62        1.9%
Average revenue per PAX (EUR)      71.3                72.4        (1.5%)
Cost per ASK (EURc)                      6.08                6.50        (6.6%)
Cost per ASK ex fuel (EURc)         4.71              4.85         (3.0%)
Cost per seat (EUR)                      63.4                68.7        (7.7%)
Sectors                                      27,796            25,542        8.8%
Average stage length                  1,041              1,055        (1.4%)
Total staff at period end              927                 860        7.7%
Staff per aircraft                          66                  61        7.7%

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ots Originaltext: SkyEurope Holding
Im Internet recherchierbar: http://www.presseportal.ch

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



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