SkyEurope passenger numbers rise 46% as on new routes
SkyEurope Airlines, a Slovak low-cost carrier, said August passenger numbers rose 46% as flights were added to southeastern Europe and summer resorts. The airline handled 350,451 passengers in the month compared with 240,653 people in August 2005, SkyEurope Holding AG, the carrier's Vienna-based parent company, said in an e-mailed statement today. Seat-capacity use dropped 2.9 percentage points to 86.5%. The company is expanding to southeastern European countries such as Romania to tap the rising number of air travelers as economic growth in the region is greater than in western Europe. Bratislava, Slovakia-based SkyEurope aimed to attract travelers for flights to Croatian coastal resorts during the summer. SkyEurope, the largest low-cost carrier in eastern Europe, hired UBS AG and CA-IB in July to help find financing to buy five Boeing Co.'s 737-700 aircraft. Shares of SkyEurope Holding surged 13% Aug. 29 after the Slovak low-cost airline said it will sell € 56.3 million ($72.2 million) worth of shares and bonds to fund growth. The shares were unchanged at € 1.86 at the close of trading in Vienna. (Bloomberg)
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.