Rex has announced record high passenger numbers and revenue across both its domestic and regional networks in the first month of the Financial Year 2023 (FY2023).
On the domestic front, July’s pre-audited base passenger revenue was at $13.6m, almost double that of the monthly average of the prior three months at $6.87m. Load Factor was at 86% across the entire domestic network.
On the regional routes, July’s revenue and passenger numbers were almost identical to that of July 2019, the latest comparative month before the COVID pandemic, with about 4% less flying. The revenue per flight and the load factor have both improved by 8% and 7% respectively.
Commenting on these astonishing results, Rex’s Executive Chairman, Lim Kim Hai said, “Our phenomenal performance can be attributed in large part to the tie-ups we signed in the prior few months with Travel Agency groups and corporate accounts, as announced in our media release of 24 June 2022. I have every expectation that our numbers will continue to grow sharply over the next few months since July has seen only 30% of the committed monthly passenger contributions from these tie-ups.”
“These outstanding achievements are a timely reward to the Rex family as it celebrates its 20th anniversary today, and I would like to congratulate and thank each and every team member for their contributions towards our collective success.”
“With this in mind, we have decided to accelerate the introduction of further aircraft to our domestic fleet. Our 7th Boeing 737-800NG aircraft will enter service later this month and we are in advanced discussions to lease another two for later this year.”