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Will Skyeurope Make It Until Year's End?  
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Posted (6 years 6 months 2 weeks 6 days 4 hours ago) and read 3210 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!

http://www.wirtschaftsblatt.at/home/...dex.do?_vl_backlink=/home/index.do


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: 5
Reply 1, posted (6 years 6 months 2 weeks 6 days 2 hours ago) and read 2851 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: 25
Reply 2, posted (6 years 6 months 2 weeks 6 days 2 hours ago) and read 2816 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, 4927 posts, RR: 4
Reply 3, posted (6 years 6 months 2 weeks 6 days 1 hour ago) and read 2466 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, 490 posts, RR: 0
Reply 4, posted (6 years 6 months 2 weeks 5 days 18 hours ago) and read 2204 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.

Dave(SAAB900)


User currently offlineDHR From United Kingdom, joined Jun 2007, 117 posts, RR: 0
Reply 5, posted (6 years 6 months 2 weeks 5 days 14 hours ago) and read 2093 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, 1293 posts, RR: 6
Reply 6, posted (6 years 6 months 2 weeks 5 days 14 hours ago) and read 2068 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, 966 posts, RR: 1
Reply 7, posted (6 years 6 months 2 weeks 4 days 19 hours ago) and read 1889 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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