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Rex to stand down staff as it faces bigger loss

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.

READ: Qantas offers frequent flyer status extension

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 ⇒

Source:: AirlineRatings.Com

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