Vienna - SkyEurope's losses more than tripled in the latest quarter as record fuel prices wiped out rising passenger revenue, the low-cost airline said Thursday.
SkyEurope, which uses Bratislava, Slovakia, as its hub, lost a net 16.8 million euros (24.7 million dollars) in the three months ending June 30, compared to a 5.1-million-euro loss a year earlier.
"We have been forced to increase fares and cut capacity to eliminate poor performing routes," the Austria-based airline said in a statement. "Our results have been significantly impacted by the high fuel prices."