SkyEurope Holding

euro adhoc: SkyEurope Holding
Financial Figures/Balance Sheet
SkyEurope continues turnaround, reducing costs and improving margins

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3-month report/Q1 report


• 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 under "Investor relations".

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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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