Regional Express Holdings profit down 44% in FY2014

Regional Express Holdings revenue down 2% - financial highlights for 12 months ended 30-Jun-2014:

• Total revenue: AUD253.3 million (USD232.4 million), -1.9% year-on-year;
• Total costs: AUD244.1 million (USD224.0 million), +0.5%;
• • Labour: AUD95.8 million (USD87.9 million), +1.8%;
  • Fuel: AUD40.3 million (USD37.0 million), +4.5%;
• Profit before tax: AUD10.7 million (USD9.8 million), -44.4%;
• Net profit: AUD7.7 million (USD7.1 million), -44.9%;
• Passenger numbers: 1.1 million, -3.4%;
• Load factor: 54.3%, -1.3 ppt;
• Average fare: AUD192.1 (USD 176.3), +0.8%;
• Revenue per ASK: AUD 29.0 cents (USD 26.6 cents), -1.7%;
• Cost per ASK: AUD 29.2 cents (USD 26.8 cents), +3.4%;
• Cost per ASK excl fuel: AUD 23.9 cents (USD 21.9 cents), +2.4%;
• Total assets: AUD289.2 million (USD265.4 million);
• Cash and cash equivalents: AUD22.0 million (USD20.2 million);
• Total liabilities: AUD100.1 million (USD91.9 million). [more - original PR]

*Based on the average conversion rate at USD1 = AUD1.0899