Australia's Rex Regional Express reported a A$23 million ($19.2 million) profit in the fiscal year ended June 30, down just 5.6% from the A$24.3 million earned the prior year and a result Executive Chairman Lim Kim Hai called "almost comforting" when compared to the ills facing the industry. Full-year revenue fell 3.7% to A$251 million, with passenger revenue declining 3.3% to A$204.3 million. Expenses were down 3.4% to A$220.2 million and pre-tax profit dropped 5.2% to A$30.8 million. The ...

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