Rex profit up as revenue growth exceeds costs in 1HFY2012

Rex revenue up 17% - financial highlights for six months ended 31-Dec-2011:

• Total revenue: USD149.3 million, +16.8% year-on-year;
• Total costs: USD130.6 million, +11.6%;
  • Fuel: USD20.7 million, +20.6%;
• Profit before tax: USD19.9 million, +51.6%;
• Passenger numbers: 608,499, -3.8%;
• Load factor: 60.1%, -1.1 ppt;
• Average fare: USD194.9, +12.1%;
• Passenger revenue per ASK: USD 30.92 cents, +9.5%;
• Passenger costs per ASK: USD 29.31 cents, +8.3%;
• Passenger costs per ASK excl fuel: USD 24.26 cents, +5.6%;
• Total assets: USD260.5 million, +1.3% when compared to period ended 30-Jun-2011;
• Cash and cash equivalents: USD21.2 million, +3.6% when compared to period ended 30-Jun-2011;
• Total liabilities: USD83.2 million, -1.7% when compared to period ended 30-Jun-2011. [more - original PR]

*Based on the conversion rate at USD1 = AUD0.931579