SkyEurope
Join Date: Oct 2007
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Any updates? I have four flights booked with SkyEurope in March [London - Bratislava - Istanbul (-train-) Sofia - Vienna (-train-) Bratislava - London] and having travelled with them before and consider them a decent airline, have my fingers crossed they survive! Is Thursday likely to be D-Day regarding the loan repayments?
Checking their arrivals at PRG, VIE and BTS over the last day or two, they seem to have covered just about their entire flying programme with fewer delays than you might expect (albeit with a few huge ones).
Also, my Sofia - Vienna flight has today been changed for the *fourth* time, although the new time is the most convenient yet! This suggests they are reducing / re-arranging their schedule over the coming months to accommodate the smaller fleet.
Thoughts?
Checking their arrivals at PRG, VIE and BTS over the last day or two, they seem to have covered just about their entire flying programme with fewer delays than you might expect (albeit with a few huge ones).
Also, my Sofia - Vienna flight has today been changed for the *fourth* time, although the new time is the most convenient yet! This suggests they are reducing / re-arranging their schedule over the coming months to accommodate the smaller fleet.
Thoughts?
Join Date: Feb 2008
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First and Last
I was on Manchester - Bratislava on Weds and returned on Thurs 15 Jan, four and a half hours late into Bratislava and three and a half hours late into Manchester. Sky Europe has put on a 757 and combined the Luton and Manchester routes to make a cicular route, passengers get on and off at each airport......Bratislava - Luton - Manchester -Bratislava. Theres no way I would have booked the flight if I'd known...never again
Join Date: Dec 2008
Location: GREECE
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neiltodd,
You must be one of the very few most unlucky. Sorry to hear.
davidjohnson6,
It seems this is one strong point others cannot match. And they do have many paddles, don't worry.
The other strong point must be quality of service, which in the worst of cases, such as mid January neiltodd mentioned, is what other airlines consider as their business as usual.
Skytrax quality awards, are not given away, you know. I had the best of flying experience, with SkyEurope. Did you?
You must be one of the very few most unlucky. Sorry to hear.
davidjohnson6,
It seems this is one strong point others cannot match. And they do have many paddles, don't worry.
The other strong point must be quality of service, which in the worst of cases, such as mid January neiltodd mentioned, is what other airlines consider as their business as usual.
Skytrax quality awards, are not given away, you know. I had the best of flying experience, with SkyEurope. Did you?
Join Date: Apr 2008
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My Nephew married a young Lady from slovakia and Sky Europe is used by both families for visits to/from Cochise I've only used them once, but the families use the airline regularly. I have nothing but praise for their quality as do both families. I wish them the very best of luck. 
Join Date: Jan 2008
Location: Switzerland ... oh wait: Swaziland
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Down to 4 a/c now:
"Chishima Real Estate Co., Ltd has terminated the lease of OM-NGQ SkyEurope Boeing 737-700. The aircraft left to Bournemouth today, remaining only 4 aircrafts in SkyEurope fleet: OM-NGG,NGJ,NGN and NGP."
[ www. P L A N E S .cz ]
"Chishima Real Estate Co., Ltd has terminated the lease of OM-NGQ SkyEurope Boeing 737-700. The aircraft left to Bournemouth today, remaining only 4 aircrafts in SkyEurope fleet: OM-NGG,NGJ,NGN and NGP."
[ www. P L A N E S .cz ]
Terminator or SkyEurope ?
Listen, and understand. SkyEurope is out there. It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever, until it is dead.
SkyEurope never gives up !
Listen, and understand. SkyEurope is out there. It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever, until it is dead.
SkyEurope never gives up !
Join Date: Dec 2008
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davidjohnson6
Maybe you are not well informed. How about that
SkyEurope má už jen ètyøi letadla | Ekonomika.iHNed.cz -
Maybe you are not well informed. How about that
Return the aircraft was planned, introduced the speakers, and therefore in his indication that the company had any problems. He added that it is economically advantageous for the company. Rent aircraft from the competition as a substitute for returning the machine is under Kika only a temporary solution and the company will expand the fleet again.
PeterPaul - I'm not quite sure what you're trying to say. My altered quotation from the Terminator film was to express admiration and astonishment that despite all its problems and troubles, SkyEurope still manages to keep on flying something close to a full schedule - the airline just seems to refuse to give up !
Join Date: Jan 2008
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SkyEurope still manages to keep on flying something close to a full schedule
Join Date: Apr 2007
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How could it possibly be 'economically advantageous' to wet lease in to cover your schedule. Paying somebody elses fixed overheads, plus a margin, in addition to your own overheads.........hmmm
Join Date: Aug 2006
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PeterPaul, this situation does not require any snidy remarks from anybody, I think it is a real concern. SkyEurope might be very sympathetic, pax- and staff friendly airline, but it's an enterprise and it's a business that should earn money. Any business has to be profitable simple to preserve its credibility. Sky has never been profitable so far. If my charming neighbour notoriously asks for money, borrowing many times from anyone unable to pay back, he becomes not so charming for all involved.
SkyEurope has made some very fundamental mistakes, the carrier's troubles are worsening and it's about time to ask is this airline still reliable? As davidjohnson6 writes "SkyEurope still manages to keep on flying something close to a full schedule - the airline just seems to refuse to give up" - but does it actually have sense any more? Look at the fate of some investors over there. On Vienna stock market the shares of SkyEurope were sold for as much as 6.35€ three years ago. Today the share price has oscillated between 0.18-0.21€. What does it tell about the status quo? And what if the aviation authorities became on the issue critical enough to revoke the license? One should be concerned for real, no implied meaning needed.
SkyEurope has made some very fundamental mistakes, the carrier's troubles are worsening and it's about time to ask is this airline still reliable? As davidjohnson6 writes "SkyEurope still manages to keep on flying something close to a full schedule - the airline just seems to refuse to give up" - but does it actually have sense any more? Look at the fate of some investors over there. On Vienna stock market the shares of SkyEurope were sold for as much as 6.35€ three years ago. Today the share price has oscillated between 0.18-0.21€. What does it tell about the status quo? And what if the aviation authorities became on the issue critical enough to revoke the license? One should be concerned for real, no implied meaning needed.
Join Date: Dec 2008
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PeterPaul, this situation does not require any snidy remarks from anybody,
Your "arguments" have been answered again and again, and you only try to recycle them again and again.
Please, please, please, do understand. You are not convincing anyone. Everyone is convinced that all this you are doing is nothing but deliberate hypocrisy. Only to benefit competitors.
That is the reason nobody cares to answer you anymore. Everybody is answering with theier wallets. They keep buying tickets of SkyEurope. You very well know that load factors are actually increasing. Don't you? While others' are decreasing. Don't you? Even when routes are decreased, people is buying more tickets. How can you explain this?
These are the facts and the rest you mention is just recycled garbage. Now even the revoking of the licence. It is just a garbage drawn from the dust bin, where it was thrown 2 (TWO) years ago. And you know this also, it is a years-old garbage. People doing this mud-slinging connot convince anyone. It just invokes yawn.
Why don't you go to sleep?
Join Date: Jan 2008
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Share price down to zero, 70% of the fleet disappeared, a fortune payed for wet-leases, no salary for staff but hey: load factor is increasing.
Flights merged and flown with B-757s and 3 hrs long Manchaster flights operated with Y70 ATR-72. A great way to make your LF go up and prove that your business is better than ever.
Flights merged and flown with B-757s and 3 hrs long Manchaster flights operated with Y70 ATR-72. A great way to make your LF go up and prove that your business is better than ever.
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PeterPaul,
I understand that it is hard to remain positive in the face of adversity, constant bad news and negative rumours, and I applaud your strength, but your agression in this thread is simply astonishing. You consistently attack the person, and not the arguement.
You have to admit that the cards are stacked against SkyEurope at present.
I understand that it is hard to remain positive in the face of adversity, constant bad news and negative rumours, and I applaud your strength, but your agression in this thread is simply astonishing. You consistently attack the person, and not the arguement.
You have to admit that the cards are stacked against SkyEurope at present.
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@PeterPaul.
If you are not related to SkyEurope, I could wish any airline so fierce backers as you seem to be. If you are involved, you might be not quite objective, though.
Anyway, I wish NE well. I flown with them once, nothing to complain about. If only the economical issues were solved (and the route I could use introduced), I would undoubtedly fly again.
Just doing that. Goodnight! 
If you are not related to SkyEurope, I could wish any airline so fierce backers as you seem to be. If you are involved, you might be not quite objective, though.
Anyway, I wish NE well. I flown with them once, nothing to complain about. If only the economical issues were solved (and the route I could use introduced), I would undoubtedly fly again.
Why don't you go to sleep?
PeterPaul - I do not work for Ryanair, Wizz, Austrian, CSA, Niki or their suppliers, or any of SkyEurope's major rivals.
However, I know 3 things:
1) The accounts show for the last few years:
12 months ending 30-Sep-04 - loss of 10 million euros
12 months ending 30-Sep-05 - loss of 28.6 million euros
12 months ending 30-Sep-06 - loss of 57.2 million euros
12 months ending 30-Sep-07 - loss of 24 million euros
12 months ending 30-Sep-08 - loss of 59.4 million euros
2) The latest annual accounts show a negative equity of 61 million euros. The company has said they are seeking a significant recapitalisation. A recession is not a great time to go seek fresh equity.
3) Gecas served a notice of default on lease payments in autumn 2008. Of 14 737s, 10 have been returned to lessor in the last 3 weeks. Maybe this was economically advantageous, but it is unusual to replace dry leased aircraft with wet leases, since at the very least one ends up effectively paying two sets of salaries.
Yes, the load factor has increased, but is there any data on the average ticket price paid as well ? People are still buying tickets, but are they booking 3-6 months in advance thus providing extra working capital, or just 1 month in advance ? I don't know. Provided the brand is well known, relatively few people consider an airline's financial health before buying a ticket.
It really would be nice to see SkyEurope survive, or merge with an airline like Wizz or Blue Air to provide a strong counterbalance against Ryanair, Easyjet and Air Berlin. Maybe they will find a way to pull through but I just know it will not be easy.
However, I know 3 things:
1) The accounts show for the last few years:
12 months ending 30-Sep-04 - loss of 10 million euros
12 months ending 30-Sep-05 - loss of 28.6 million euros
12 months ending 30-Sep-06 - loss of 57.2 million euros
12 months ending 30-Sep-07 - loss of 24 million euros
12 months ending 30-Sep-08 - loss of 59.4 million euros
2) The latest annual accounts show a negative equity of 61 million euros. The company has said they are seeking a significant recapitalisation. A recession is not a great time to go seek fresh equity.
3) Gecas served a notice of default on lease payments in autumn 2008. Of 14 737s, 10 have been returned to lessor in the last 3 weeks. Maybe this was economically advantageous, but it is unusual to replace dry leased aircraft with wet leases, since at the very least one ends up effectively paying two sets of salaries.
Yes, the load factor has increased, but is there any data on the average ticket price paid as well ? People are still buying tickets, but are they booking 3-6 months in advance thus providing extra working capital, or just 1 month in advance ? I don't know. Provided the brand is well known, relatively few people consider an airline's financial health before buying a ticket.
It really would be nice to see SkyEurope survive, or merge with an airline like Wizz or Blue Air to provide a strong counterbalance against Ryanair, Easyjet and Air Berlin. Maybe they will find a way to pull through but I just know it will not be easy.