Business
Regional Express (ASX:REX) share price takes off despite loss warning

Regional Express Holdings Ltd (ASX: REX) shares are lifting off today following the release of the airline’s half-year (1H21) results. At the time of writing, the Rex share price is trading 2.84% higher at $1.63 a share.
Let’s take a look at how the company has been performing.
What’s driving the Rex share price?
The Rex share price is on the rise today despite the airline reporting that its passenger numbers decreased by 71.2% for the period due to coronavirus travel restrictions.
Revenue (excluding government grants and subsidies) for the half sank by 60.5%, or $100.6 million, to $65.6 million compared to 1H20 revenue of $166.2 million.
However, Rex’s total 1H21 revenue including government grants and subsidies was…
-
General20 hours ago
Collingwood cult hero Mason Cox not offered new contract for 2026 AFL season
-
Noosa News24 hours ago
Severe thunderstorms, damaging winds and large hail forecast for Saturday evening
-
General20 hours ago
Jamie Melham creates Caulfield Cup history after riding Half Yours to victory
-
General23 hours ago
Billions in unworn clothes hanging in Aussie wardrobes