Markets

Regional airline Rex just posted a bigger profit than Virgin Australia

Sydney-based Regional Express (Rex) Group is once again Australia’s most profitable airline. The company announced a statutory Profit Before Tax of $13.8 million on a $151 million turnover for the first half of the financial year. The ASX-listed airline said the result was a 60% improvement on 12 months earlier, […]
Regional airline Rex just posted a bigger profit than Virgin Australia
Markets

Regional Australian airline Rex just posted its first ever loss

The Regional Express (Rex) Group has posted a statutory after tax loss of $11.4 million after writing down more than $17 million in assets, goodwill and fuel hedging. It’s the first time the Australian-based business has posted a loss since its launch in 2002 in the wake of the Ansett […]
Regional Australian airline Rex just posted its first ever loss