SkyEurope losses widen on fuel costs
SkyEurope's losses more than tripled in the latest quarter as record fuel prices wiped out rising passenger revenue, the low-cost airline said Thursday.

SkyEurope, which uses Bratislava, Slovakia, as its hub, lost a net 16.8 million euros (24.7 million dollars) in the three months ending June 30, compared to a 5.1-million-euro loss a year earlier.

"We have been forced to increase fares and cut capacity to eliminate poor performing routes," the Austria-based airline said in a statement. "Our results have been significantly impacted by the high fuel prices."

Passenger volume rose 3.3 per cent from the year-earlier quarter, but the seat load factor - a measure of the airline's use of capacity - declined, SkyEurope said. Operating revenue was up 0.1 per cent.

SkyEurope's 15 jetliners serve destinations in 19 countries, mostly in central and southern Europe. The airline took to the skies in 2002.



© 2007 - 2008 - eNews 2.0 All Rights Reserved
 
 
 
 
Ashley Dupre Finally Speaks Out about Relationship with Eliot SpitzerAshley Dupre Finally Speaks Out about Relationship with Eliot Spitzer
Ashley Dupre, 23, the prostitute from the call center who cost Eliot Spitzer her governor position opened up in front of his wife and apologized. She told People...

Ashley Dupre Finally Speaks Out about Relationship with Eliot Spitzer
 

dotclear
dotclear