Skyeurope riduce le perdite


C

Cesare.Caldi

Veterano del Forum
Utente Registrato
14 Novembre 2005
37,300
1,455
161
N/D
SkyEurope enjoys profitable fourth quarter, narrowed full-year loss

A profitable fourth quarter helped SkyEurope Airlines narrow its full-fiscal-year loss to €24.1 million ($35.6 million) from the €57.3 million suffered in the 12 months ended Sept. 30, 2006.

Full-year revenue rose 27.4% to €236.2 million against just a 4.2% lift in expenses to €226.6 million. Fuel costs actually declined 5.2% even in the face of a capacity increase thanks to a fuel hedge that expired in August and a weak US dollar, the carrier said. Operating loss improved to €20.9 million from €55.5 million in the 2005-06 fiscal year.

The LCC concluded the year operating 14 737-700s, two of which are owned and 12 leased from GECAS. It finished the previous fiscal year with the same number of aircraft. It now flies 43 routes to 30 destinations in 17 countries and has 10 additional aircraft on order for delivery through 2010. It said it plans to exercise purchase rights for six more planes in the current fiscal year and operate 30 by 2011.

Passenger numbers rose 29.4% to 3.3 million as traffic climbed 25.1% year-over-year to 3.5 billion RPKs and capacity grew 14.2% to 4.23 billion ASKs. Load factor was up 7.2 points to 82.8%. Yield improved 1.9% to 6.74 euro cents as unit revenue increased 11.5% to 5.58 euro cents. Cost per ASK fell 6.6% to 6.08 cents, or 3% to 4.71 cents excluding fuel.

SkyEurope's fortunes turned around in the fourth quarter, its only profitable period during the fiscal year. Net earnings of €13.5 million represented a reversal from a €7.1 million loss in the year-ago quarter and it showed a profit on the operating level of €14.3 million compared to a €6.6 million loss a year earlier.

The airline also announced Friday that Stephen Greenway has joined it as CCO. He previously headed Virgin Blue's e-commerce department and has held positions at Virgin Atlantic Airways, Qantas and OAG Worldwide. The resignation of CEO Christian Mandl took effect last week. He is succeeded by Jason Bitter, whose appointment was announced in June. Atwonline

Mi sembra positiva la notizia nel quarto trimeste (Luglio-Settembre) sono riusciti finalmente ad andare in utile probabilmente per la prima volta nella loro storia fatto che ha contribuito a ridurre le perdite totali a fine anno.

Vedremo se le chiusure delle basi di BUD e KRK con la totale attività concentrata a PRG e VIE daranno i risultati sperati...

Sapete come sono suddivise le 14 macchine in flotta tra le basi di PRG e VIE?
 
Avevo dimenticato BTS, ma con gli ultimi cambiamenti rimangono macchine basate a Bratislava o i voli vengono operati come W da VIE e PRG?
 
Altro articolo con ulteriori dettagli e novità:

SkyEurope reports a record profit for the fourth quarter of its Financial Year 2007
Source: SkyEurope

02/12/2007

SkyEurope Holding reports record fourth quarter (to 30 September 2007) EBIT profits, strong increase in revenue and significant reductions in costs. The airline’s new management continues its focus on restructuring and sustained profitability.
SkyEurope reports a Q4 EBIT profit of EUR 14.3 million and EBITDAR for the year of EUR 9.6 million, achieving full year EBIT and EBITDAR guidance. Continuing the strong growth, SkyEurope’s revenue increased by 22.1%, carrying 1.1 million passengers in Q4 2007 versus 991 thousand passengers in Q4 2006, despite operating less aircraft.

“We are pleased with the results especially with how Q4 compares with last year. Our financial performance clearly shows that our new strategy is working. We have focused and will continue to focus on delivering stronger revenues with a better product, utilising our assets better, and significantly improving our cost base while maintaining growth,” says Nick Manoudakis, SkyEurope’s Chief Financial Officer. Manoudakis, who joined SkyEurope in May 2007 after a successful career as Finance Director and one of the founding members of easyJet, was tasked with helping the airline reach profitability.

Revenue per available seat kilometre improved by 15.7% in Q4 2007 and 11.5% on an annual basis, reflecting better load factors and yields. This improvement is contributed to an overall improved product, featuring higher frequencies to less destinations and more convenient departure times. SkyEurope maintained its on-time performance record and reputation as one of the most punctual airlines in Europe.

Aircraft utilisation also improved by 9.1% during the quarter to 12:25 hours (up from 11:23 hours in Q4 2006) in line with the high asset utilisation policy. The continued and constant focus on cost base improvements showed results with unit costs decreasing by 11.0% during the fourth quarter.

In the fourth quarter of Financial Year 2007, two new on-balance sheet financed Boeing 737-700NG aircraft were delivered, further reducing the average age of the fleet. SkyEurope now has the youngest fleet in Europe with an average aircraft age of ten months.

After a successful year, in which he has significantly contributed to the positive development of SkyEurope Airlines, leading to profitable results of the Company in the fourth quarter, Karim Makhlouf, Chief Commercial Officer of SkyEurope Airlines, has decided to leave SkyEurope to pursue further interests and meet new challenges in his professional career. Karim Makhlouf’s position with SkyEurope Airlines will end on 31 December 2007.

Makhlouf will be replaced by Steven Greenway who will be appointed as SkyEurope’s new Chief Commercial Officer. Greenway comes to SkyEurope from Virgin Blue in Australia where he has worked as Head of E-Commerce. His strong airline background comes from various commercial positions with aviation related companies such as OAG Worldwide, Virgin Atlantic Airways, PwC Consulting and Qantas Airways.

In addition, Jason Bitter, Chief Executive Officer of SkyEurope Airlines will take over the same function at the parent company SkyEurope Holding AG with effect from 1 December 2007. Christian Mandl, co-founder of SkyEurope, decided to leave the Management Board to join SkyEurope Holding’s Supervisory Board as a non-executive director subject to shareholder approval. “The transition of day-to-day management duties is now completed. Financial targets for 2007 have been delivered and the airline is in good shape with a brand new fleet and a quality product. As founder and shareholder of SkyEurope, I will continue to support the Company in non-executive functions”, says Christian Mandl.
 
Devi accedere o registrarti per rispondere qui.


Top Bottom