The 2011 business year

an outstanding performance through consistent cost control, revenue gains and operational improvements - Seite 3

planned Single European Sky. The new larger airspace blocks are intended to
enhance the performance and efficiency of Europe´s air traffic management
system. Progress last year in the FABEC collaboration process was slower than
planned. The parties involved still have differing views and positions on the
integration steps required, substantially so in certain areas. The overall
umbrella organisation of the air navigation service provider within FABEC
demanded by skyguide, for example, could not be established. All the parties
involved will have to collaborate more closely if major progress is to be made
in the FABEC venture; and much work still clearly lies ahead before the vision
of a Single European Sky becomes an operating reality.

Outlook for 2012
After a highly encouraging 2011, skyguide expects 2012 to be a difficult
business year. The main reason for such caution is the uncertain economic
climate in Europe, which is itself the result of the current debt crisis.
Traffic growth projections for the year have already been downwardly revised,
and the volumes expected are currently slightly below those of 2011. Skyguide
does not expect to see renewed traffic growth before 2013. The uncertainty over
the euro casts a further cloud over the prospects for 2012 in business terms.
From 2012 onwards, all of Europe´s air navigation service providers - including
skyguide - will be issued with concrete and highly ambitious financial and
capacity performance targets by the European Commission. Given the foundations
it has laid over the past few years, skyguide is well equipped to meet and
master the challenge of competing in this European environment.

Skyguide´s 2011 Annual Report is available online at:
http://www.skyguide.ch/en/discover/publications/publications/annual-report/

skyguide
swiss air navigation services ltd.
media relations
CH-1215 Geneva 15

Contact:
phone: [phone]
email: [e-mail]
internet:www.skyguide.ch

Skyguide is responsible for providing air navigation services within Swiss
airspace and in the airspace of certain adjoining regions in neighbouring
countries. The company guides the civil and military aircraft entrusted to its
care - around 3,270 flights a day or 1.2 million a year - through the busiest
and most complex airspace in Europe. Skyguide is a non-profit limited company
which has its head office in Geneva. The majority of its shares are held by the
Swiss Confederation. The company generated total operating revenue of over CHF
427 million in 2011, and employs some 1,400 people at 14 locations in
Switzerland. Skyguide is a member, together with its partner organizations in
Belgium, France, Germany, Luxembourg and the Netherlands, of the FABEC
initiative to create a common functional airspace block that will bring greater
efficiency to Central Europe´s air traffic management services and activities.

The media release can be downloaded from the following link:

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skyguide
Postfach 1518 Zürich-Flughafen Switzerland

WKN: 1957462;ISIN: CH0019574620;

Media release (PDF):
http://hugin.info/134388/R/1599657/504780.pdf

This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: skyguide via Thomson Reuters ONE
[HUG#1599657]

Wertpapiere des Artikels:
CH0019574620