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.