With bases in Slovakia, Austria, and Czech Republic, it was the first multi-based airline in Central Europe. The airline operates short-haul scheduled and charter passenger and cargo services.
On 27 September 2005, the airline went public on the Vienna and Warsaw stock exchanges. The Initial public offering price was 6 EUR, valuing the company at 120 million euro.. The IPO on the Vienna and Warsaw stock exchanges was the first by a central European low-cost carrier and the first by any Slovak company.
2007 marked a year of growth and change for SkyEurope. With a goal of boosting efficiency and profitability, the airline opened a base at Vienna International Airport in March 2007, placing two brand new 737-700s operating sixteen routes. In October 2007, SkyEurope closed its hubs in Krakow and Budapest, thus reallocating its aircraft to the hubs in Prague and Vienna.
In March 2008 it carried 307,540 passengers bringing the 12-month passenger total to 3.713 million, a 26.3% increase over the same period in last year. The airline's load factor decreased to 76.1% from 77.8% versus the same period a year ago.
In 2008, SkyEurope entered into a partnership with České dráhy creating the CD Sky alliance. As a result of this partnership, SkyEurope tickets would be sold for a fixed price at railway stations in Brno and Prague. This was the latest in interesting pricing moves undertaken by SkyEurope. In 2006 they made news as the first airline to pay travelers to fly with them.
SkyEurope operates a total of 99 routes to 40 destinations in 19 countries.
In 2005 SkyEurope and Boeing finalized the order for four Boeing Next-Generation 737-700s worth US$220 million. The order includes purchase rights for up to 16 additional airplanes. This order followed SkyEurope's order with leasing company GECAS for 12 Boeing Next-Generation 737s.