Rex reports reduced profit

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.

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