Regional Express Holdings of Australia reported a A$7.5 million ($5.8 million) pre-tax profit for the fiscal third quarter ended March 31, down 6.3% year-over-year. Revenue fell 7.8% to A$57 million on a 19.8% drop in passenger numbers to 292,386. Load factor slipped 4.1 points to 63.2% on a 15% reduction in ASKs. Fiscal year-to-date pre-tax earnings of A$21.9 million were up 1.9% from the year-ago period, although Rex said its full-year net may be down as much as 10%. It flies 40 Saab 340s.

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