SkyExpress: optimistic growth targets for 2009 despite global economic conditions

SkyExpress stated it is targeting a 20% year-on-year improvement in financial results in the period between Jan-May-2009, with the carrier striving for a 56% improvement in revenue for 2009 to an estimated RUB6.1 billion (EUR139 million), following revenue growth of 50% in 2008. [1153 words]

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This report contains the following subheadings:

• Massive turnaround as passenger numbers decline in 1Q2009 
• Among the Top 5 domestic Russian carriers
• Targeting 20 domestic destinations by end of 2009
• Seeing value in e-platform
• Ownership structure remains uncertain 
• Russia: A good market to be in given current market conditions

This report contains the following charts and tables:

• SkyExpress traffic highlights: Jan-2009
• SkyExpress traffic highlights: Feb-2009
• SkyExpress traffic highlights: Mar-2009
• Russian domestic passenger numbers by airline: Year ended 31-Dec-08
• Moscow Vnukovo Airport total vs domestic capacity breakdown by carrier (seats per week as % of total)
• SkyExpress route network: Jun-2009