Regional Express net profit up 4% in FY2019

Regional Express (Rex) reported (23-Aug-2019) the following financial highlights for the 12 months ended 30-Jun-2019:

• Total revenue: AUD317.6 million (USD227.2 million), +7.5% year-on-year;
  • Passenger: AUD278.4 million (USD199.2 million), +7.0%;
  • Charter: AUD28.5 million (USD20.4 million), +10.8%;
  • Cargo: AUD1.5 million (USD1.1 million), +4.7%;
• Total costs: AUD294.5 million (USD210.6 million), +8.3%;
  • Labour: AUD112.2 million (USD80.3 million), +4.2%;
  • Flight and port operation (Excluding fuel): AUD57.8 million (USD41.4 million), +4.5%;
  • Fuel: AUD42.5 million (USD30.4 million), +30.3%;
• Net profit: AUD17.5 million (USD12.5 million ), +3.6%;
• Average fare: AUD222.3 (USD159.0), +2.7%;
• Passenger revenue per ASK: AUD 35.0 cents (USD 25.0 cents), +3.6%;
• Total cost per ASK: AUD 33.6 cents (USD 24.0 cents), +5.7%;
• Total assets: AUD272.8 million (USD195.2 million);
  • Cash and bank balances: AUD21.7 million (USD15.5 million);
• Total liabilities: AUD67.4 million (USD48.2 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.715342