Record growth but financial challenges

Skyguide, Switzerland’s civil and military air navigation services company, generated total operating revenue of CHF 369.38 million for 2007 and net earnings (after balances brought forward) of CHF 3.45 million. A negative operating result was recorded for the year, however, with a net cost underrecovery of CHF 45.3 million. Year-on-year traffic growth exceeded projections at 6.1% and resulted in another record traffic volume. Skyguide managed and monitored 1.23 million flights last year; and 91% of these were on time, a better-than-average punctuality performance in European terms.