Business Services Industry
REX flying high.
Australasian Business Intelligence, November, 2006
Nov 14, 2006 (Aviation Business Magazine - ABIX via COMTEX) -- Regional Express (REX) has released its full year results in November 2006. The Australian company was able to declare its first unfranked dividend of $A0.05 in the wake of a net profit of $A15.7 million. REX's revenue margin of 12.6 per cent is ahead of its rivals Singapore Airlines and Qantas. Although fuel costs rose throughout the year, REX was able to limit the rise in costs to 14 per cent. REX expects to grow at around 10 per cent annually.
Publication Date: November 2006
REGIONAL EXPRESS AIRLINES
REGIONAL EXPRESS HOLDINGS LIMITED - ASX REX
QANTAS AIRWAYS LIMITED - ASX QAN
SINGAPORE AIRLINES LIMITED
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