Regional Express back in the black in H1FY2017

Regional Express revenue up 9% - financial highlights for six months ended 31-Dec-2016:

• Total revenue: AUD144.3 million (USD108.7 million), +8.8% year-on-year;
• • Passenger: AUD127.9 million (USD96.3 million), +13.0%;
  • Charter: AUD12.1 million (USD9.1 million), -12.6%;
• Total costs: AUD136.2 million (USD102.6 million), -6.7%;
• • Labour: AUD54.1 million (USD40.8 million), +5.1%;
  • Flight and port operation: AUD28.1 million (USD21.2 million), +18.2%;
  • Fuel: AUD16.7 million (USD12.6 million), -6.0%;
• Profit before tax: AUD8.6 million (USD6.5 million), compared to a loss of AUD13.2 million (USD9.9 million) in p-c-p;
• Net profit: AUD6.2 million (USD4.6 million), compared to a loss of AUD11.4 million (USD8.6 million) in p-c-p;
• Passengers: 612,284, +11.3%;
• Passengers load factor: 56.6%, +1.8 ppt;
• Passenger revenue per ASK: AUD 30.9 cents (USD 23.3 cents), +1.4%;
• Passenger cost per ASK: AUD 29.5 cents (USD 22.2 cents), -2.1%;
• Total assets: AUD265.4 million (USD200 million);
• Total liabilities: AUD72.1 million (USD52.3 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.753416