Wednesday, 19 November 2008

Regional Express Holdings Limited (Rex) announced its unaudited results for the first quarter of the FY09. These are summarised below.

 Passenger revenue of $55.6M, a 5.5% increase over the same period last FY
 Total revenue of $67.6M, a 5.8% increase over last FY
 29.6% increase in fuel cost to $14M
 18.6% decrease in Net Profit After Tax to $4.8M

Regional Express (Rex) is Australia’s largest independent regional airline operating a fleet of 40 Saab 340 aircraft on more than 1,200 flights weekly to 24 destinations from Sydney, Melbourne and Adelaide. The Rex Group comprises Regional Express, air freight and charter operator Pel-Air Aviation and Dubbo based regional airline Air Link, as well as the pilot academy Australian Airline Pilot Academy.