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Rex returns to profit, says outlook bright

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  • Rex returns to profit, says outlook bright

    Hopefully a good sign for regional aviation in general here in oz;

    Regional Express (Rex) has swung back to profitability in 2016/17 and says it expects clearer skies ahead amid lower fuel prices and an improving local economy.

    The airline group reported statutory net profit after tax of $12.62 million for the 12 months to June 30 2017, a return to the black following a net loss of $9.56 million in the prior corresponding period when it booked an impairment charge relating to the loss of a Defence contract.

    Revenue rose 7.3 per cent to $281 million, Rex said in a regulatory filing to the Australian Securities Exchange on Tuesday.

    Rex executive chairman Lim Kim Hai said it was a “truly solid performance” in 2016/17.
    YSSY2/T-YSSY4 [SBS-1 Basestation w/- SSE-1090 SJ Mk2 Antenna (Thanks Delcomp) ] [Uniden UBCD996T w/- 16 element Wideband Discone VHF/UHF Antenna, and tuned 108MHz-137MHz Airband Antenna] [Trialing a home-brew 1090MHz collinear antenna]