Regional Express has shrugged off rising oil prices and geopolitical tensions to post a 7.7 per cent improbement in net profit for the 2018/19 first half.
Regional Express (Rex) has reaffirmed expectations of double-digit profit growth in the current financial year even as it faces substantial challenges from the impact of global events on the local economy.
Steve Gibbons writes about the experience on Regional Express’ (Rex) Saab 340 service from Brisbane to Mount Isa via the Queensland interior.
Regional Express has reported a 34% lift in profit and expects double-digit growth in the current year despite higher oil prices and pilot shortages.
The Australian Transport Safety Bureau (ATSB) says engine manufacturer General Electric and Regional Express (Rex) have changed inspection procedures and after fatigue cracking led to the loss of a propeller on a flight from Albury to Sydney in 2017.