Sydney Airport Message Board Sydney Airport Message Board  

Go Back   Sydney Airport Message Board > Aviation Industry News and Discussion > Australia and New Zealand Industry
Register FAQ Calendar Today's Posts Search


 
 
Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 20th May 2009, 01:15 PM
NickN NickN is offline
Senior Member
 
Join Date: Mar 2008
Posts: 1,394
Default Rex Q3 pre-tax profit falls 6.3%

Can't complain about a 6.3% drop. They are fairing quite well considering others in the aviation industry are incurring losses.

Quote:
Regional Express Holdings Ltd (REX) says its third quarter profit fell 6.3 per cent as passenger numbers decline, and warned its annual earnings will be lower than last year.

The regional airline operator said pre-tax profit for the three months ended March 31 fell to $7.5 million, from $8 million in the same period last year.

"The company has advised that its net earnings for the full financial year could be up to 10 per cent below that of last year," it said.

Passenger revenue fell 10.8 per cent to $45.4 million as passenger numbers declined by 19.8 per cent to 292,386.

In the financial year to date, REX's pre-tax profit was up 1.9 per cent to $21.9 million.

REX made a pre-tax profit of $32.48 million in 2007/08. Its net profit was $24.34 million.
http://news.smh.com.au/breaking-news...0520-bexd.html
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +10. The time now is 01:28 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Copyright © Sydney Airport Message Board 1997-2025
Use of this web site constitutes acceptance of the Conditions of Use and Privacy Statement