SkyEurope
Can't comment about the financials but did fly with them from Manchester to Bratislava last week and it was a much nicer experience than any other loco I've been on (the rather naff uniforms notwithstanding...)
Join Date: Jan 2006
Location: Solihull
Age: 60
Posts: 3,324
Likes: 0
Received 0 Likes
on
0 Posts
Take-over
Quote
"Time for Ryanair to jump in and take over ?"
Or easy, they keep mentioning European expansion, they operate
NG's (for a few more years) and although very soon after GB they
would get a couple of ready-made bases, some crews, reasonable
aircraft and it would not take them long to sort the route structure.
Mind you it is probably a lot cheaper to watch them go then jump in!
Pete
"Time for Ryanair to jump in and take over ?"
Or easy, they keep mentioning European expansion, they operate
NG's (for a few more years) and although very soon after GB they
would get a couple of ready-made bases, some crews, reasonable
aircraft and it would not take them long to sort the route structure.
Mind you it is probably a lot cheaper to watch them go then jump in!
Pete
Last edited by OltonPete; 10th Jan 2008 at 16:55. Reason: added text
Join Date: Oct 2006
Location: southern spain
Posts: 1,986
Likes: 0
Received 0 Likes
on
0 Posts
sky europe
Hang on a minute, there has been an over 50 per cent increase in capacity so you cannot expect a high load factor on new routes. I think nearly 60 per cent over the expanded network isn’t too bad, the reckoning will come in the next few months, so hold your horses as we say in the UK.
Join Date: Oct 2007
Location: London
Age: 45
Posts: 77
Likes: 0
Received 0 Likes
on
0 Posts
So... with this in mind... are they likely still to be flying on March 17th? 
I've booked a one-way with them from Bratislava to Luton, but have the possibility of also booking a Ryanair "insurance" flight for a fiver the next day from Balaton, just in case. Will the Euro15m tide them over until then?
On another note, all being well, how likely am I to get two seats together by checking in at the airport? Being a cheapskate, I skipped the seat selection during the booking process.
Cheers
Steve M (first post)
I've booked a one-way with them from Bratislava to Luton, but have the possibility of also booking a Ryanair "insurance" flight for a fiver the next day from Balaton, just in case. Will the Euro15m tide them over until then?On another note, all being well, how likely am I to get two seats together by checking in at the airport? Being a cheapskate, I skipped the seat selection during the booking process.
Cheers
Steve M (first post)
A very downbeat report from Sky Europe's CEO is reported on ATW:
SkyEurope Airlines conceded that it will not be profitable this financial year, which ends Sept. 30. Management told a shareholders meeting in Vienna last week that the LCC is working on maintaining its financial viability. CFO Nick Manoudakis said it will continue to work on cutting costs and has asked pilots to reduce aircraft speed to save fuel. SkyEurope also is open to investment from other carriers, he said. Asked by shareholders to reveal how much cash remained from a €15 million ($21.9 million) loan from investor York Global Finance, he revealed that €9 million had been spent on aircraft orders and cabin interiors. "We still have some cash left," he said.
SkyEurope Airlines conceded that it will not be profitable this financial year, which ends Sept. 30. Management told a shareholders meeting in Vienna last week that the LCC is working on maintaining its financial viability. CFO Nick Manoudakis said it will continue to work on cutting costs and has asked pilots to reduce aircraft speed to save fuel. SkyEurope also is open to investment from other carriers, he said. Asked by shareholders to reveal how much cash remained from a €15 million ($21.9 million) loan from investor York Global Finance, he revealed that €9 million had been spent on aircraft orders and cabin interiors. "We still have some cash left," he said.
Join Date: Aug 2004
Location: Hemel Hempstead
Posts: 1,092
Likes: 0
Received 0 Likes
on
0 Posts
and you say SilverJet is going bankrupt??? How much longer for skyeurope - somebody needs to put them out thier misery - they have never been settled, routes opened and closed all over the place.
Join Date: Aug 2004
Location: uk
Posts: 434
Likes: 0
Received 0 Likes
on
0 Posts
Flying slower
Done selectively this is not a bad plan, even for airlines that have money left. The same applies to driving. If you are late then some may race down the M1 at 85 mph. If however you do not need to be at luton so soon then keeping it down to 70 will save a fourtune. It is very non-linear with a large saving on fuel for only a small reduction in speed.
The more an airline spends on Fuel the less is remains to spend on staff.
The more an airline spends on Fuel the less is remains to spend on staff.
Join Date: Aug 2006
Location: Europe
Posts: 970
Likes: 0
Received 0 Likes
on
0 Posts
Hence, you can call them e.g. CentralZero or CancelWings, if you wish [some do just that]
Last edited by eu01; 22nd Feb 2008 at 08:49.
A Runyonesque Character
Join Date: Apr 2004
Location: The South of France ... Not
Age: 74
Posts: 1,209
Likes: 0
Received 1 Like
on
1 Post
Done selectively this is not a bad plan, even for airlines that have money left. The same applies to driving. If you are late then some may race down the M1 at 85 mph. If however you do not need to be at luton so soon then keeping it down to 70 will save a fourtune. It is very non-linear with a large saving on fuel for only a small reduction in speed.
Join Date: Aug 2004
Location: uk
Posts: 434
Likes: 0
Received 0 Likes
on
0 Posts
most efficient cruise speed
A Runyonesque Character
Join Date: Apr 2004
Location: The South of France ... Not
Age: 74
Posts: 1,209
Likes: 0
Received 1 Like
on
1 Post
You don't want to fly too slow. If you have to drop her down into third while going uphill it can play havoc with your fuel consumption.
Guest
Posts: n/a
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.
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.
Join Date: May 2005
Location: UK
Posts: 228
Likes: 0
Received 0 Likes
on
0 Posts
The losses continue
On Friday SkyEurope announced their 07/08 Q1 results (for October to December). They managed a net loss of EUR 11.3 M, compared to EUR 13.8 M last year.
This comes on top of losses of EUR 20M for the full year 04/05, EUR 57M for 05/06 and EUR 24M for 06/07.
The company has about EUR 20M cash in hand / under the mattress.
Full details in the Investor Relations section of the SkyEurope website.
This comes on top of losses of EUR 20M for the full year 04/05, EUR 57M for 05/06 and EUR 24M for 06/07.
The company has about EUR 20M cash in hand / under the mattress.
Full details in the Investor Relations section of the SkyEurope website.
Join Date: Aug 2006
Location: Europe
Posts: 970
Likes: 0
Received 0 Likes
on
0 Posts
Wow, I also want to have a good uncle to credit my account with millions of euros, if needed. Otherwise, a cost reduction programme could be a solution. But then, the base development in VIE doesn't really look like a cost reduction measure... 
Join Date: Sep 2005
Location: Italy (sometimes)
Posts: 51
Likes: 0
Received 0 Likes
on
0 Posts
Hi Guys,
I'm a little worried after reading your posts. I'm going to have soon an interview with skyeurope and, if everithing goes well, leave my job to go with them.
Can anybody flying as pilot give me some impressions from inside the company?
Pay rate, roster, benefit informacion will be appreciate.
Thanks
Giams
I'm a little worried after reading your posts. I'm going to have soon an interview with skyeurope and, if everithing goes well, leave my job to go with them.
Can anybody flying as pilot give me some impressions from inside the company?
Pay rate, roster, benefit informacion will be appreciate.
Thanks
Giams
