Close sidebar

Rex reports reduced profit

written by australianaviation.com.au | February 26, 2014
On the back of reduced profits, REX claims "aviation is in crisis" in Australia. (Seth Jaworski)
On the back of reduced profits, REX claims “aviation is in crisis” in Australia. (Seth Jaworski)

Regional Express today reported a reduced gross profit for the six months to December 31 of $5 million, a drop of 59.8 per cent on the same period last year.

The result was logged on revenue of $129.3 million, and is in line with guidance figure the airline gave on February 7 which it attributes to a “continuing weak Australian economy” leading to the airline proclaiming that “aviation is in crisis” in this country.

“The Abbott government needs to take immediate steps to fulfil their election promises to regional aviation outlined in the Coalition’s Policy for Aviation before the irreversible collapse of regional aviation occurs,” airline COO Gary Filmer said.

Advertisement
Advertisement

Leave a Comment

Your email address will not be published. Required fields are marked *

Each day, our subscribers are more informed with the right information.

SIGN UP to the Australian Aviation magazine for high-quality news and features for just $99.95 per year