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Regional Express (ASX:REX) lifts bookings in August

ASX News, Transport
ASX:REX      MCAP $80.38M
02 September 2022 16:26 (AEST)

Domestic airline Regional Express (REX) has increased bookings for its services in August.

The company saw a 25 per cent increase to passenger numbers and a 38 per cent increase in revenue bookings compared to July.

It attributed most of the growth to its flights between Sydney, Melbourne and Brisbane.

REX recently received its seventh Boeing 737-800NG, with discussions for a further two aircraft to be brought in executed.

Executive Chairman Lim Kim Hai said its key metrics continue to improve month-on-month in the 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,” he said.

“We can look forward to even stronger performance in the months ahead when the new arrangements are fully bedded down.”

Shares ended the day 0.37 per cent in the red to close at $1.35.

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