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Old 20th June 2023, 05:13 PM
Rowan McKeever Rowan McKeever is offline
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Join Date: Aug 2011
Location: Yass NSW
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Announcement posted on ASX website at 1656hrs. Main point being that Rex has revised down its profit forecast for FY22/23 and now expects a group-wide loss of $35m.

"Rex is now forecasting a Group Operational loss of $35 million for the FY. However, the unaudited revenue from regional Saab operations is above pre-COVID (FY2019) levels and the corresponding EBITDA has been positive for the FY."

Says this is due to shortage of pilots and engineers, supply chain issues post-COVID, and reduced business travel demand in May and June (of this year, presumably).

https://cdn-api.markitdigital.com/ap...df02a206a39ff4
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