Regional Express (Rex) has stated that it is considering withdrawing from some marginal routes and retrenching staff, after issuing guidance for a 30% drop in net profit due to high fuel costs and weak demand. In its first profit guidance for fiscal 2011, Rex said profit before tax would be around $23.5 million, about 10% down from the previous year’s $26.2 million. Executive chairman Lim Kim Hai said that in response to the challenging environment, Rex was reviewing its network. He said in a statement: “The aviation environment this year has been extremely toxic and we have seen all the

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In