Rex reports increased profits for November, forecasts steady growth

Rex reported an increased profit for November 2022 with Profit Before Tax (PBT) improving from about $2 million to $2.8 million for its domestic Boeing 737 operations. With this the airline reported a profit in the third consecutive month since the resumption of operations in February 2022. The airline further added that its regional Saab 340 operations are still making loss of less than $0.2 million for November, due to the predatory actions of Qantas. However, the airline reported a double EBITDA from $1 million in October 2022 to $2.2 million on November 2022, again making it the third consecutive