SkyEurope confident of first ever profit next year
SkyEurope CEO, Jason Bitter, in late Jul-08 stated that he expects the airline to report a profit in 2009, following a successful restructure and business simplification programme. The airline is yet to report a profit since it commenced operations in 2002 and still remains severely financially constrained, reporting cash balance of only EUR13 million at end of 1Q08. Mr Bitter admitted that the airline’s liquidity is “not the strongest”.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.