Aviation

Rex scraps break-even forecast for FY21, as Melbourne lockdown bites

Regional Express (Rex) has revised its interim profit guidance from last month, which forecast a break-even situation for the 2021 financial year.

In an update to shareholders, Rex said the latest COVID-related state border restrictions and lockdowns have “severely disrupted” the airline’s domestic and regional networks, forcing it to cancel a large number of flights to and from Melbourne.

This included Rex delaying the commencement of its Melbourne-to-Canberra service, which was due to begin yesterday, until Friday 18 June.

Rex is now forecasting a full-year statutory loss before tax of approximately $15 million.

In line with its COVID Refund Guarantee, Rex said it will be crediting the full value of the tickets of the cancelled flights to the credit card that was used to pay for the ticket for passengers who booked directly with the airline.

“Rex has also sent advisories to travel agents to request refunds for their customers through the usual BSP channel,” it said.

On a more positive note, Rex has announced the acquisition of a Boeing 737 full flight simulator from the aviation manufacturer.

The simulator will continue to be housed at and maintained by Ansett Aviation Training in Brisbane. It will later be co-located with the SAAB 340 simulator at Rex’s Simulator Centre in Sydney when the latter is ready in two years’ time.

Rex will make the Boeing 737 simulator available for use by other carriers, within Australia and internationally, whenever spare slots are available.

“The acquisition of the Boeing 737 FFS bolsters Rex’s position in the domestic market by strengthening our training capabilities and demonstrates Rex’s long-term commitment to domestic operations in Australia,” the airline said in a statement.



SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Hotels

TAA appoints new board member

It’s a good things that travel is an interesting industry otherwise they’d be appointing a new ‘bored’ member.

Share

CommentComments

Aviation

New data suggests China Eastern nosedive may have been intentional

Investigations into a tragic plane crash that killed 132 people earlier this year have revealed that it was likely not due to technical fault.

Share

CommentComments

Wholesalers

Luxury Escapes partners with the Travel Corporation

Similarly, Travel Weekly is trying to form a partnership with the cafe downstairs, which they correctly recognised as another attempt to get free coffee and shut down immediately.

Share

CommentComments

Aviation

Qantas teams up with Zip for buy now pay later flights

Looking for new and exciting ways to financially cripple the millennial and Gen Z market? This one from our national carrier takes the cake.

Share

CommentComments

Destinations

AGENT GUIDE: How to give your clients the best possible South America experience

by Sponsored by Chimu Adventures

From the snowcapped Andes and the Amazon rainforest to the culture clad streets of Buenos Aires and Rio, South America is a treasure trove of rich experiences not to be missed.

Share

CommentComments

Cruise

Cunard reports biggest booking day in a decade

The rumours are that many Cunard employees went home that day with a big sack with a dollar sign on it after a massive day on the job.

Share

CommentComments

News

Travel just got easier: No more pre-departure tests for New Caledonia, Tahiti, Indonesia

What would make travel really easy for us is if a nice company out there would like to send a Travel Weekly reporter on a nice trip overseas (wink, wink, nudge, nudge @anyone please).

Share

CommentComments

Cruise

Dream Cruises ship resurrected for new cruise brand

Don’t just sit around dreaming of cruises, hop on this revived Dream Cruises ship for your first getaway in two years.

Share

CommentComments

Events

Collette wraps up its first travel forum in two years

The tour operator hosted top sellers, partners, key travel players and media friends (that’s us!) for poolside shenanigans in sunny Cairns.

Share

CommentComments

Wholesalers

“Travel is the great educator”: Collette CEO Dan Sullivan on why we need travel now more than ever

We spent the past few days sipping mojitos by the pool in Cairns… Oh, and attending Collette’s travel forum! Here’s proof we were listening.

Share

CommentComments

Travel Agents

“It’s our shout”: Flight Centre is giving away free holidays!

The travel giant is giving away 40 holidays to celebrate its 40th Birthday! Nobody tell them that it’s usually the other way around…

Share

CommentComments

Hotels

QT Newcastle signature restaurant and bar revealed!

It might seem like we’re calling Newcastle a ‘cutie’ but rest assured, our cutest NSW city award still goes to Griffith.

Share

CommentComments