SkyEurope: Worryingly low cash balances as losses continue

SkyEurope, which is yet to report a profit since it commenced operations in 2002, reported a net loss of EUR11.4 million in the three months ended 31-Dec-08 (a slight worsening from the EUR11.3 million net loss reported in the previous corresponding period), resulting in a negative 21.7% net margin in the quarter.

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