euro adhoc: SkyEurope Holding / Annual Reports / Annual Report of SkyEurope Holding a.s.

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annual report

17.01.2008

SkyEurope Holding is publishing its Annual Report for 2007. Below you
can find highlights of the report and financial highlights of the
group. The full version of the annual report you can find on the
webpage of SkyEurope on
www.skyeurope.com/InvestorRelations/ShareholderMeeting.

HIGHLIGHTS OF THE REPORT New experienced aviation management team
appointed including CEO, CFO, and CCO

First profitable quarter ever with Q4 EBIT of EUR 14.3 million

Best financial year ever, with an EBIT margin of - 8.9%

New base in Vienna opened on 25 March 2007

Record number of carried passengers per year, over 3.3 million and
8.2 million during SkyEurope´s history

Highest load factor in the history of SkyEurope Airlines of 90.8% in
August 2007 and 82.8% for the year

Year on year revenue growth of 41%

Unit costs reduced by 6.6%

Reallocation of capacity from Krakow and Budapest to Vienna and
Prague in order to simplify operations

SkyEurope Airlines completes fleet renewal process and now has the
youngest commercial fleet in Europe with 14 brand new Boeings
737-700NG

The first directly purchased Boeing 737-700NG is delivered in July
2007

SkyEurope introduces an improved product focusing on less
destinations and higher frequencies

FINANCIAL HIGHLIGHTS OF THE GROUP

In thousands of EUR
(12 months ended 30 September) 2007 2006 Change

Financial ratios
Operating revenue 236,177 185,358 27.4%
EBITDAR 9,604 (32,143) n.m.
EBITDAR margin 4.1% (17.3%) 21.4 pp
EBIT (20,913) (55,477) n.m.
EBIT margin (8.9%) (29.9%) 21.4 pp
Loss before income taxes (20,203) (58,080) (65.2%)
Net loss for the period (24,070) (57,292) (58.0%)

Equity (2,738) 16,369 (116.7%)
Cash and cash equivalents 11,579 41,789 (72.3%)

Operating data
Average no. of aircraft 12.9 14.0 (7.7%)
No. aircraft at period end 14.0 14.0 0.0%
Passengers 3,312,443 2,560,597 29.4%
Aircraft utilisation (BH per day)10:45 9:29 13.2%
ASK (million km) 4,230 3,703 14.2%
RPK (million km) 3,503 2,801 25.1%
Load factor (RPK/ASK) 82.8% 75.6% 7.2 pp
Revenue per ASK (EURc) 5.58 5.01 11.5%
Revenue per seat (EUR) 58.2 52.8 10.2%
Yield in EURc (Rev./RPK) 6.74 6.62 1.9%
Average revenue per PAX (EUR) 71.3 72.4 (1.5%)
Cost per ASK (EURc) 6.08 6.50 (6.6%)
Cost per ASK ex fuel (EURc) 4.71 4.85 (3.0%)
Cost per seat (EUR) 63.4 68.7 (7.7%)
Sectors 27,796 25,542 8.8%
Average stage length 1,041 1,055 (1.4%)
Total staff at period end 927 860 7.7%
Staff per aircraft 66 61 7.7%

end of announcement euro adhoc
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ots Originaltext: SkyEurope Holding
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

SkyEurope Holding AG

Nick Manoudakis, CFO

Tel.:+421 915 782 432

mailto:investor.relations@skyeurope.com

Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI
Börsen: Wiener Börse AG / official market