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Rex happy with profit increase

Posted on February 19, 2009, 11:11am

Regional Express (REX) this week reported a 1.9pc lift in net profit to $10.5m for the six months ending December 31.

The airline, which flies to Mount Gambier from Adelaide and Melbourne, said it was pleased with the profit increase, which came despite overall passenger numbers falling 8.9pc.

“This was accomplished by controlling non-fuel related expenses and by an increased focus on efficient capacity and yield management,” the company said.

Rex reported a “dramatic easing” of the pilot shortage as airlines around the world curtailed expansion plans in response to the global financial crisis.

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