Regional Express Profit Takes Off, Increases By 60%

The global economic recovery has played a significant role in a strong first-half result for Regional Express, which operates a fleet of more than 50 Saab 340 aircraft to 60 destinations across Australia.

Known as Rex, the carrier announced a pre-tax profit of $13.8m for the six months to December 31, 2017, up 60% over the previous year. Passenger numbers grew 3.8% and Executive Chairman Lim Kim Hai said “charter activity also increased, indicating the worldwide economic recovery is having its effect in Australia.”

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