29-Aug-2017 12:20 PM
Regional Express profit quadruples in FY2017
Regional Express (Rex) reported (29-Aug-2017) the following financial highlights for 12 months ended 30-Jun-2017:
- Revenue: AUD281.0 million (USD211.8 million), +7.3% year-on-year;
- Passenger: AUD249.3 million (USD188.0 million), +9.7%;
- Charter: AUD23.0 million (USD17.3 million), -7.6%;
- Costs: AUD264.1 million (USD199.1 million), -3.3%;
- Labour: AUD105.5 million (USD79.6 million), +2.5%;
- Flight and port operations excl fuel: AUD54.5 million (USD41.1 million), +12.2%;
- Profit before tax: AUD17.8 million (USD17.8 million), compared to a loss of AUD10.7 million (USD7.8 million) in p-c-p;
- Net profit: AUD12.6 million (USD9.5 million), compared to a loss of 9.6 million (USD7.0 million) in p-c-p;
- Passengers: 1.2 million, +9.0%;
- Passenger load factor: 57.3%, +2.6ppts;
- Average fare: AUD213.9 (USD161.3), +3.0%;
- Revenue per ASK: AUD 31.3 cents (USD 23.6 cents), +2.0%;
- Cost per ASK: AUD29.7 cents (USD 22.4 cents), -2.9%;
- Total assets: AUD272.8 million (USD205.7 million);
- Cash and bank balances: AUD26.3 million (USD19.8 million);
- Total liabilities: AUD76.4 million (USD57.6 million). [more - original PR]
*Based on the average conversion rate at AUD1 = USD0.753882 for FY2017
*Based on the average conversion rate at AUD1 = USD0.728459 for FY2016