Rex announces half-year results, new COO & board change

Regional Express Holdings Limited (Rex) has announced a group profit before tax of $12.2 million for the half-year ended 31 December 2010, a reduction of 5.4 per cent on the same period last year.

The company said overall revenue grew 2.9 per cent to $121.2 million from the same period last year, passengers carried dropped 1.4 per cent to 632,777, and ASKs increased four per cent to 389 million.

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