'Losing almost a million dollars a week': Rex Airlines in strife

The Australian Aviation Writer Robyn Ironside says Regional Express Airlines have “failed” post-pandemic. Regional Express (Rex) Airline is in a trading halt amid boardroom restructuring claims. “Up until the pandemic, I think they were profitable pretty much every year without fail,” Ms Ironside told Sky News Business Editor Ross Greenwood. “It was only when the pandemic struck, they made the decision to go into the 737 operations, thinking … Virgin may not survive its own administration. “Sadly, that experiment seems to have failed. “Their last financial results indicated that their regular public transport flights were losing almost a million dollars a week.”