BestWestern
Topic Author
Posts: 7766
Joined: Fri Sep 08, 2000 8:46 pm

Sky Europe - STN WAW £6 Return All Inclusive

Wed Dec 07, 2005 7:52 pm

Sky Europe have an excellent fare sale at the moment

For example...

STN - WAW £6 return - inclusive of all taxes.
Greetings from Hong Kong.... a subsidiary of China Inc.
 
RJ100
Posts: 3899
Joined: Wed Nov 22, 2000 1:37 am

RE: Sky Europe - STN WAW £6 Return All Inclusive

Wed Dec 07, 2005 9:52 pm

I'm very interested in SkyEurope. I have heard a lot of positive things about them and I'm looking forward flying them next year (to Bratislava).

They aren't profitable yet but expect to reach this goal by 2007. Not that bad considering they are starting a lot of new routes at the moment.

Best regards,
RJ100
none
 
Chiguire
Posts: 1848
Joined: Sat Sep 25, 2004 5:11 pm

RE: Sky Europe - STN WAW £6 Return All Inclusive

Wed Dec 07, 2005 10:14 pm

Quoting RJ100 (Reply 1):
They aren't profitable yet but expect to reach this goal by 2007. Not that bad considering they are starting a lot of new routes at the moment.

"Not profitable yet" is a very optimistic way to see things. They are still burning cash and made a loss of about 24million euro last year. Expected to be the around the same amount this year. Considering that they already lost around 17 million before, there is not much left from the 70 million they made with the IPO some time ago.
Shares have plunged from 6Euro to 3.95 up to about 4.50 again. No good sign at all.
If they continue like that money is out within next year and they again need some cash.
So you better fly them soon.....
 
RJ100
Posts: 3899
Joined: Wed Nov 22, 2000 1:37 am

RE: Sky Europe - STN WAW £6 Return All Inclusive

Thu Dec 08, 2005 5:23 am

Yes that's actually true. But as far as I know the big part of the losses is because of extra costs due to the Emb-120 phase out. But yes, a loss is a loss.

They have started a lot of new routes recently. They need time to develop. I am sure that they will do better in 1-3 years.

A problem is definitely the strong competition.

Regards,
RJ100
none

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