EANS-Adhoc: SkyEurope Holding / SkyEurope´s Q2 and H1 2009 operating results improve significantly; new aircraft deliveries in progress.

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6-month report

27.05.2009

• Network maturity and elimination of poor performing routes results
in improved operational performance, Q2 and H1 adjusted operating
loss reduced by 41.5% and 26.7% respectively versus Q2 and H1 2008
before non-recurring items; • Revenue per seat increased by 7.2% in
Q2 and 13.1% in H1 2009 versus Q2 and H1 2008; • Average revenue per
passenger increased 1.7% and 11.2% in Q2 and H1 2009 respectively,
despite a weakened economy, the effect lower fuel prices normally
have on airfare pricing, and Easter not falling within the reporting
period in 2009; • Load factor up 3.6% and 1.1% in Q2 and H1 2009
respectively; load factors improved consistently in the four
consecutive months to 31 March 2009; • Ancillary revenue per
passenger increased by 125.1% in Q2 2009 (up 135.2% for H1 2009
versus H1 2008) • Benefits of lower fuel costs realised in Q2 and H1
2009, fuel per seat dropping 36.2% versus Q2 2008 (9.8% in H1 2009
versus H1 2008). Benefits of lower fuel prices versus 2008 are
expected for the remainder of the fiscal year; • The capacity
reduction program put in place for the winter period to address
macroeconomic factors, impacted overall utilization and resulted in
less sectors produced and, therefore, higher unit costs. • Redelivery
of leased aircraft, as announced on 9 January, resulted in EUR 3.2
million of non-recurring expenses recorded during Q2 (a total of EUR
5.4 million during H1). • Replacement fleet plan to substitute the
aircraft returned in January already in place: three Boeing 737
classics already delivered and flying with an additional three leases
signed and expected for delivery before the end of May 2009.

Nick Manoudakis, Chief Financial Officer of SkyEurope, said,
"SkyEurope offers very competitive pricing on attractive routes and,
despite the difficult global economy, we have managed to improve our
operating result for the first half of the financial year. We have
eliminated much of the downside risk in our business and have seen
benefits coming through from greater network maturity and the
consolidation of routes from our bases in Vienna, Prague and
Bratislava. We look forward to further improvement in the second
half of the year and beyond."

The full report is available on the company homepage under "investor
relations". http://www.skyeurope.com/en/about-us/investor-relations/f
inancial-reports.aspx

end of announcement euro adhoc
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ots Originaltext: SkyEurope Holding
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Contact:

SkyEurope Holding AG

Nick Manoudakis

Chief Financial Officer

Tel +421 2 4850 1332

investor.relations@skyeurope.com

www.skyeurope.com

Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI, Standard Market Continous
Börsen: Wien / official market