SkyEurope Holding

euro adhoc: SkyEurope Holding
Report on the Fourth Quarter (Q4) and preliminary results for the FY 2007

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quarterly report


New strategy pays off as SkyEurope Holding AG  reports  a  record  Q4 (to  30th September 2007) EBIT profit & a record load factor for the year.

. Full year EBIT and EBITDAR guidance achieved as SkyEurope reports a record Q4    EBIT profit of EUR 14.3 million and EBITDAR for the year of EUR 9.6  million.

. Steven Greenway will be appointed as  SkyEurope's  Chief   Commercial  Officer    effective 1 December 2007, bringing a track record of success  in  e-commerce    from Virgin Blue.

. Continued strong growth with revenue  increasing  by  22.1%  during Q4  and,    passengers flown reaching 1.1 million up from 991,000   despite  less  average    aircraft in the quarter than in Q4 2006.

. Revenue per available seat kilometre improves 15.7% in Q4 2007 and 11.5% on a    YTD basis, reflecting improved load factors and yields.

. Aircraft utilisation increases by 9.1% during the quarter to 12:25 hours  (up    from 11:23 hours  in  Q4  2006)  with  continued  focus put  on  high  asset    utilisation.

. Continued focus on cost base  improvements  showing  results  with the  CASK    decreasing 11% during the quarter (7.2% excluding fuel).

. SkyEurope maintains its on-time performance, being one of the  most punctual    airlines in Europe.

. Two new on-balance sheet financed 737-700 NG aircraft were   delivered  in  Q4    reducing the average age of SkyEurope's fleet, which is now the  youngest  in    Europe with an average age of 10 months.

. The complete 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.

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ots Originaltext: SkyEurope Holding
Im Internet recherchierbar:

Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 915 782 432

Branche: Air Transport
ISIN:      AT0000497003
WKN:        A0F5WU
Index:    WBI
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: SkyEurope Holding

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