Slovak airline in trouble

SKYEUROPE AIRLINES, who fly from Luton and Manchester to Bratislava and various Slovak points has obtained the local equivalent of Chapter 11 protection and continues to fly.  Listed on the Vienna stock market the airline says it is restructuring.  In April the airline carried 202,839 passengers, a dramatic drop of 27% on the same month one year ago, but in fact the load factor increased from 70.4% to 76.4% due to a severe cutting back in services and reduction in the aircraft fleet. www.skyeurope.com

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