Rex expects big loss due to pilot shortages
Aussie regional airline Rex is flagging a $35m annual loss, blaming its struggles over staff shortages.
It has experienced engineer and pilot shortages, the airline says.
A drop in business travel has also hurt its bottom line.
In a company statement to the ASX Rex said the labour shortage and supply chain issues have disrupted its flight schedules in the last few months.
“Furthermore, business travel in the months of May and June have significantly dropped.”
Rex has a fleet of 59 Saab 340s and seven Boeing 737s.
It flies to 58 destinations across Australia.
It reportedly has grounded a third of its fleet due to the worker shortages.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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