REX 0.00% 56.5¢ regional express holdings limited

News: REX Rex Confirmed Withdrawal Of Services From Bathurst, Grafton, Lismore, Kangaroo Island,...

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    May 30 (Reuters) - Regional Express Holdings Ltd (REX) :

    • CONFIRMED WITHDRAWAL OF SERVICES FROM BATHURST, GRAFTON, LISMORE, KANGAROO ISLAND, BALLINA
    • FLIGHTS TO THESE FIVE CENTRES WILL CEASE ON JUNE 30
    • TWO OTHER NSW REGIONAL ROUTES ARE PENDING FURTHER REVIEW
    • BALLINA ROUTE WILL TERMINATE ON JULY 2
    • "QANTAS'... ACTIONS ON REX'S REGIONAL ROUTES HAVE MEANT THAT REX NO LONGER HAS ABILITY TO CROSS SUBSIDISE THESE MARGINAL ROUTES"
    • REX'S REMAINING REGIONAL NETWORK WILL BE CLOSELY MONITORED AND FURTHER ADJUSTMENTS COULD BE ANNOUNCED IN COMING MONTHS
 
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