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SkyExpress: optimistic growth targets for 2009 despite global economic conditions

2-Jul-2009

SkyExpress stated it is targeting a 20% year-on-year improvement in financial results in the period between Jan-May-2009, with the carrier striving for a 56% improvement in revenue for 2009 to an estimated RUB6.1 billion (EUR139 million), following revenue growth of 50% in 2008. [1153 words]

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Subheadings:

  • Massive turnaround as passenger numbers decline in 1Q2009¬†
  • Among the Top 5 domestic Russian carriers
  • Targeting 20 domestic destinations by end of 2009
  • Seeing value in e-platform
  • Ownership structure remains uncertain¬†
  • Russia: A good market to be in given current market conditions

Graphs and data:

  • SkyExpress traffic highlights: Jan-2009
  • SkyExpress traffic highlights: Feb-2009
  • SkyExpress traffic highlights: Mar-2009
  • Russian domestic passenger numbers by airline: Year ended 31-Dec-08
  • Moscow Vnukovo Airport total vs domestic capacity breakdown by carrier (seats per week as % of total)
  • SkyExpress route network: Jun-2009
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