Rex reports reduced profit

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.