United Kingdom
United States
Asia Pacific
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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