Rex had a massive month in August, reporting a 25 per cent increase in passenger numbers and a 38 per cent boost in revenue bookings, compared to July 2022, which showcases a significant boost to its bottom line.
The airline attributed the improved performance to its busy Sydney-Melbourne-Brisbane routes as it reported a full-year after-tax loss of $46 million on a turnover of $319 million for the previous financial year.
Rex also took delivery of another Boeing 737-800NG in late August, which Executive Chairman Lim Kim Hai said would allow the airline to increase capacity in line with demand.
“Our seventh Boeing 737-800NG will allow us to put on more capacity to mop up the demand for our services and we are in discussions with lessors for another two aircraft to be brought in as soon as possible,” Mr Lim said.
“Our turnaround now has strong momentum as our key metrics continue to improve month-on-month in this new financial year.
“Our new partnerships with travel agency groups and corporate accounts are now starting to deliver the intended outcomes as reflected in August numbers and we can look forward to even stronger performance in the months ahead when the new arrangements are fully bedded down.”
For more info, head to rex.com.au
