Beaucaire From Syria, joined Sep 2003, 5252 posts, RR: 26 Posted (5 years 9 months 2 weeks 5 days 10 hours ago) and read 3068 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!
Beaucaire From Syria, joined Sep 2003, 5252 posts, RR: 26
Reply 2, posted (5 years 9 months 2 weeks 5 days 8 hours ago) and read 2674 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..
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! 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.
MillwallSean From Singapore, joined Apr 2008, 1206 posts, RR: 6
Reply 6, posted (5 years 9 months 2 weeks 4 days 20 hours ago) and read 1926 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.
Greenjet From Ireland, joined Aug 2001, 938 posts, RR: 1
Reply 7, posted (5 years 9 months 2 weeks 4 days 1 hour ago) and read 1747 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