Regional airline REX has reported a loss of nearly $10 million dollars in its annual report for 2015-16.
It’s the first loss in 13 years for the Australian airline, which flies between Sydney, Taree, Grafton and Lismore.
The Executive Chairman of REX says it is due to the end of a defence contract, currency movements and weaker passenger demand.
(VISION ONLY)
REX REPORTS FIRST LOSS IN MORE THAN A DECADE
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