Regional Express Holdings profits almost halved in FY2013

Regional Express Holdings revenue down 5% - financial highlights for 12 months ended 30-Jun-2013:

• Total revenue: AUD258.3 million (USD265.0 million), -5.4% year-on-year;
• • Passenger: AUD207.9 million (USD213.3 million), -3.2%;
  • Freight: AUD960,000 (USD985,000), -2.2%;
• Total costs: AUD243.0 million (USD249.4 million), +0.9%;
• • Labour: AUD94.2 million (USD96.6 million), +0.6%;
  • Fuel: AUD38.6 million (USD39.6 million), +0.1%;
• Profit before tax: AUD19.2 million (USD19.7 million), -45.3%;
• Net profit: AUD14.0 million (USD14.4 million), -45.0%;
• Passenger numbers: 1.1 million, -6.8%;
• Load factor: 55.6%, -4.0 ppts;
• Average far: AUD190.6 (USD195.6), +3.9%;
• Revenue per ASK: AUD 28.1 cents (USD 28.8 ents), -2.8%;
• Cost per ASK: AUD 28.3 cents (USD 29.0 cents), +1.8%;
• Cost per ASK excl fuel: AUD 23.3 cents (USD 23.9 cents), +1.3%;
• Total assets: AUD260.0 million (USD266.8 million);
• Cash and bank balances: AUD44.2 million (USD45.3 million);
• Total liabilities: AUD79.1 million (USD81.1 million). [more - original PR]

*Based on the average conversion rate at USD1 = AUD0.9746