And to reduce the cruise speed is just a drop in the ocean. It is a way to tweak the optimum performance of an aircraft, but if things are going that bad, the next thing might be to compromise the safety standards, for example saving on maintenance costs.
SkyEurope survived the past winter season by selling two aircraft and with a 15 million Euro credit, which will be due as from March 2008, otherwise York will have the right to take over all the remaining capital.
Nick Manoudakis had no explanations to give on the shareholder's meeting. His hopes are that "the worst is over", and that the summer season, which usually works a little bit better, will save them. That was also where he mentioned "cutting costs" as another factor.
Well, who knows; perhaps they really will survive yet another season. But the time will come when they will find no more naive money-donors anymore. It's a wonder they made it this far - staying alive since 2002 wasting millions, without any clear goals and without any success on the records.