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Will Skyeurope Make It Until Year's End?  
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 21
Posted (7 years 12 months 4 days 21 hours ago) and read 3704 times:

Results of the eastern European Low Cost have been-as expected -less than good and indicate a further deepening of the losses accumulated throughout the last years.
With a 100 M€ turnover a 28,5 M € loss was achieved.
Someday Sky's main investor,York Capital,will have to pull the plough!


Please respect animals - don't eat them...
7 replies: All unread, jump to last
User currently offlineLevent From France, joined Sep 2004, 1718 posts, RR: 4
Reply 1, posted (7 years 12 months 4 days 20 hours ago) and read 3345 times:

I hope for SkyEurope it's just website maintenance (or something with my computer) but their home page isn't accessible right now...

User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 21
Reply 2, posted (7 years 12 months 4 days 19 hours ago) and read 3310 times:

No-the web-site works -but the airline is in deep,deep s.hit and I can't immagine an investment group like York to continue burning millions each quarter..
Unfortunately-and I like their product and network- they look doomed to me.
That might help AUA to improve loads on their flights out of Vienna..

Please respect animals - don't eat them...
User currently offlineHumberside From United Kingdom, joined Dec 2005, 4949 posts, RR: 4
Reply 3, posted (7 years 12 months 4 days 18 hours ago) and read 2960 times:

While SkyEurope does appear to be struggling, Im sure I remember similar speculation about their future in the past. I myself have wondered about it. Yet they have managed to survive

Visit the Air Humberside Website and Forum
User currently offlineSAAB900 From United Kingdom, joined Sep 2007, 492 posts, RR: 0
Reply 4, posted (7 years 12 months 4 days 11 hours ago) and read 2698 times:

Quoting Humberside (Reply 3):

I couldn't agree with you more! Lets face it what airline isn't struggling these days! I have used them on quite a few occasions and apart from a few late flights I've never had any problems with them! Reasonable prices, new aircraft, nice leather seats & most importantly gorgeous female F/A's!  Wink I think their main problem will come from Ryanair if they decide to open a base at BTS! Although a lot of the Sky Europe fleet is now based away from BTS.


User currently offlineDHR From United Kingdom, joined Jun 2007, 169 posts, RR: 0
Reply 5, posted (7 years 12 months 4 days 8 hours ago) and read 2587 times:

Judging by the amount of newsletters they have been sending out lately with rock bottom prices, it more or less looks like the first signs of a cash flow crisis. It doesn't look good to me.

User currently offlineMillwallSean From Singapore, joined Apr 2008, 1387 posts, RR: 6
Reply 6, posted (7 years 12 months 4 days 7 hours ago) and read 2562 times:

In one word - NO

They have had to defer planes in 2007, they have had rescue packages already and now during their peak travelperiod oil hits 140 dollars. Where will the money come from. Loosing money during summer is a complete disaster.

I dont think they dont stand a chance. Too bad because they have good service and nice seats.

Best of luck to them though

No One Likes Us - We Dont Care.
User currently offlineGreenjet From Ireland, joined Aug 2001, 1025 posts, RR: 1
Reply 7, posted (7 years 12 months 3 days 12 hours ago) and read 2383 times:

It certainly doesn't look good for Sky Europe:

- First quarter revenue down 19% on the same quarter last year
- Operating margin of -44%, the worst of any European airline that has posted financials so far this year
- Load factor down 16 points to 67%
- Completely unhedged
- No more aircraft deliveries this year
- Sale and leaseback of fleet to free up capital

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