Rex net profit down 30% in H1FY2020

2 March, 2020

Regional Express (Rex) reported (28-Feb-2020) the following financial highlights for the six months ended 31-Dec-2019:

  • Revenue: AUD166.2 million (USD113.8 million), +1.5% year-on-year;
    • Passenger: AUD145.1 million (USD99.3 million), -0.2%;
    • Charter: AUD14.4 million (USD9.8 million), +0.9%;
  • Costs: AUD156.5 million (USD107.2 million), +3.6%;
    • Labour: AUD58.0 million (USD39.7 million), +0.9%;
    • Flight and port operation: AUD30.6 million (USD21.0 million), +3.7%;
    • Engineering and maintenance: AUD27.0 million (USD18.5 million), +17.2%;
    • Fuel: AUD21.4 million (USD14.6 million), -7.2%;
  • Net profit: AUD6.9 million (USD4.7 million), -30.3%;
  • Passengers: 659,053, -0.9%;
  • Passenger capacity (ASKs): +0.9%;
  • Passenger load factor: 62.5%, -1.7pp;
  • Average fare: AUD223.0 (USD152.7), +0.9%;
  • RPT revenue per ASK: AUD 35.4 cents (USD 24.2 cents), -1.1%;
  • Passenger cost per ASK: AUD 35.2 cents (USD 24.1 cents), +5.4%;
  • Total assets: AUD274.2 million (USD187.7 million);
    • Cash and bank balances: AUD9.8 million (USD6.7 million);
  • Total liabilities: AUD70.632 million (USD48.4 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.684622