euro adhoc: SkyEurope Holding
other
Report on the Fourth Quarter (Q4) and
preliminary results for the FY 2007
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
quarterly report
30.11.2007
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.
end of announcement euro adhoc 30.11.2007 08:49:15
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