Air Transport World

Regional Express, Australia's largest independent.(Regional News)(Brief Article)

Regional Express, Australia's largest independent Regional carrier, edged back into profitability buoyed by a 34% increase in passengers and an aggressive cost-cutting program. The airline, an amalgam of former Ansett subsidiaries Hazelton and Kendell Airlines, announced net earnings of A$2.8 million ($2.2 million) for the 12 months to June 30. It operates a Saab 340 fleet throughout New South Wales, Victoria and South Australia.

CEO Geoff Breust said the airline is on target to lift traffic by a further 18% to more than 1 million passengers in the current fiscal year, with a forecast profit of A$4. …

Log in to your account to read this article – and millions more.