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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

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