Regional aviation is facing its greatest fight for survival come 1 July 2012 as draconian government measures translate into astronomical cost increases, which for Rex alone amounts to more than $5 million per year. To put this into perspective, this would be equivalent to the Qantas Group facing a $300 million cost increase, which is more than the $200 million profit the Qantas Group posted last financial year.
In order to ensure that the majority of its regional network continues to be serviced, Rex has to implement a series of radical initiatives to reduce the cost base. One of the most painful we are compelled to take is the termination of the Rex Flyer program.
With immediate effect, existing memberships will not be renewed at expiry date and neither will any new members be accepted. Members are strongly encouraged to check the membership expiry date online at www.rex.com.au. As per the Terms & Conditions, only points accrued by the expiry date will count towards the reward flight. Any reward flight earned will need to be redeemed and flown within 6 months of the date earned.
Rex would like to take this opportunity to thank all members for their support over the last 9 years.