Jets power up profit at Rex with increasing profitability

Jets power up profit at Rex with increasing profitability

Regional Express, Rex has announced its unaudited management accounts for December have continued to show profitability for its domestic Boeing 737 jet operations.

It is reporting a Profit Before Tax (PBT) of $4.0 million improving from the $1.9 million in October and $2.8 million in November.

It’s the fourth consecutive month that Rex’s domestic jet operations have been overall profitable since the jet operations resumed in February 2022.

The news wasn’t so good for the airline’s regional Saab 340 operations.

They were still loss-making at a PBT level in December, which Rex blames on “Qantas’ continued its predatory behaviour.”

The entire Rex Group showed an operational profit for the third consecutive month, with the underlying PBT for December coming in at $3.7 million, the highest since COVID.

PBT for the months of October and November were $0.8 million and $3.1 million respectively.

Rex is Australia’s largest independent regional and domestic airline operating a fleet of 61 Saab 340 and seven Boeing 737-800NG aircraft to 58 destinations throughout all states in Australia.

Latest News

  • Business Travel

WEX business expansion in APAC means new role for Jason Hancock

WEX, the global commerce platform that simplifies the business of running a business, has appointed Jason Hancock as Managing Director of its International Business Payments division. With over two decades of experience in travel technology, payments, and finance, Hancock brings a wealth of expertise to his role. Holding a PhD in Computer Science and a […]

  • Travel Agents

Win a $100 voucher with Travel Agent Finder

Celebrate the new direct Brisbane-Dallas Fort Worth flights as Travel Agent Finder offers Aussie travel agents the chance to learn and win a $100 voucher. Agents must read Travel Agent Finder’s educational resources about Grapevine, Texas and complete the entry form to submit an entry. Entries close on Friday, 28 June and winner will be […]

  • Aviation
  • Sustainability

Emirates’ latest sustainability move leans on Singapore Changi’s impressive SAF stash

Emirates has begun using sustainable aviation fuel (SAF) as part of its agreement with Neste on flights departing from Singapore Changi Airport, marking its inaugural SAF investment in Asia. Approximately 3.3 million litres of blended SAF have been integrated into the fuelling system of Changi Airport over the last few weeks. Emirates is tracking the […]

  • Events
  • Food & Beverage

75th Toowoomba Carnival of Flowers’ Festival of Food and Wine

Celebrity chef and dessert specialist, Anna Polyviou joins Thirsty Merc, Pete Murray, Kate Ceberano and James Reyne at the 75th Toowoomba Carnival of Flowers. The three-day Festival of Food and Wine will run from 13-15 September and will showcase more than 35 local food and wine offerings. These include 15 pop-up cellar doors, cocktail bars, […]

  • Destinations
  • Partner Content

The Solomon Islands’ is ‘Kulture-plus’

Before you moan about the cost of living, remember that people in 1800s The Solomon Islands experienced cannibalism.

Partner Content

by Travel Weekly

Travel Weekly
  • Cruise

Cruise Traveller’s new Scottish Highlands cruise tour package

Australian small ship cruising specialist, Cruise Traveller, offers a 20-night land and sea holiday in the UK aboard the Lord of the Glens. The tiny cruise line’s 52-guest boutique vessel, Lord of the Glens, is purpose-built to explore the intricate waterways and lochs of the Scottish Highlands. It boasts a rich, traditional ambience with polished […]

  • Cruise

Celebrity Xcel’s keel-laying ceremony in France, with 2025 inaugural sail planned

Construction has commenced on Celebrity Cruises’ next ship, Celebrity Xcel, with a keel-laying ceremony at the Chantiers de l’Atlantique shipyard in Saint-Nazaire, France. An Edge Series ship, Celebrity Xcel will set sail in autumn 2025, with several new yet-to-be-revealed offerings. At the ceremony, Jason Liberty, president and CEO of Royal Caribbean Group (RCG), the parent […]

  • Destinations
  • Tour Operators

Globus unveils nine new independent tours for 2025

Coach touring brand Globus has unveiled nine new independent tours for 2025, from Bangkok to Bali and Abu Dhabi to Nepal. “With Globus Independent tours, our guests are free to enjoy the many benefits of touring, untethered and unscheduled,” APAC head of marketing, Globus family of brands (GFOB), Chris Fundell said. “Providing hand-picked hotel accommodations, […]

  • Hotels

Mandarin Oriental Hotel Group opens Mandarin Oriental Mayfair

The Mandarin Oriental has opened a second property in London, the Mandarin Oriental Mayfair, in the heart of historic Hanover Square. Designed by internationally renowned Rogers Stirk Harbour and Partners, the hotel is the first new build in Mayfair in over a decade. Bringing a modern architectural approach to one of London’s most storied squares, […]

  • Hotels

Outrigger Reef Waikiki Beach Resort unveils Coral Kids Club

On top of its US$85 million (AU$150m) transformation, Outrigger Reef Waikiki Beach Resort’s new Coral Kids Club provides an engaging activity centre for kids. Designed for keiki (children), ages 5-12, the activity centre offers daily cultural workshops with hands-on activities rooted around the Āina Guardian workbook. It was developed by Candes Gentry, co-author of Eat […]

  • Hotels

Minor Hotels announces fourth franchised hotel

Minor Hotels has added to its portfolio of more than 500 hotels in operation after signing Oaks Melbourne on William Suites as its fourth franchised hotel. The 220-room apartment hotel is the third Oaks property signed under a franchise model after the Oaks Toowoomba and Oaks Townsville Metropole. The proven success of these properties highlights […]

  • Destinations

Phuket unveils cutting-edge medical facility

Minor Hotels has announced Layan Life by Anantara, a world-class medical wellness facility that is set to elevate Phuket’s reputation as an international medical wellness destination. The new facility is set across 1,767sqm within the grounds of Anantara Layan Phuket Resort and is set to open in Q3 of this year. It offers a blend […]

  • Events

Out West Piano Fest comes alive in Bathurst

The three-day symphony of the senses comes back to Bathurst, at picturesque Blackdown Farm, as Out West Piano Fest returns 25-27 October. Located just five minutes away from Bathurst NSW is a pastoral heritage, art, and culture. It was also once home to Australian artist, Tim Storrier. The extensive gardens in full spring bloom offer […]

  • Attractions
  • Cruise

Japan in Bloom with Cruise Express

Send clients out to experience the best of the Land of the Rising Sun with Cruise Express and their Japan in Bloom expedition, a 21-night adventure. As interest in Japan hits an all-time high, Cruise Express is pleased to announce its ultimate Japanese bucket list trip. This adventure is geared for Australians wanting to tick […]