Mainline contender Rex has flagged it will stand down staff and lose more money in fiscal 2021 than previously expected as a result of COVID lockdowns on Australia’s east coast.
The airline has already grounded the Boeing 737 services launched early this year as part of a bold but unfortunately timed push into mainline domestic flying.
It said it would outline the number of stand-downs at the end of the week after consultation with stakeholders.
Rex revealed profit guidance in June that forecast a pre-tax loss of $A15m for the 2021 financial year.
It now believes its read more ⇒