Rex Airlines downgrades guidance, predicts $35m loss

Regional Express says a global shortage of pilots and engineers has recently forced it to cut back on flights and it won't make a profit this year. Photo: Rex

Regional Express says it won’t swing to a profit this financial year after all and is instead predicting a $35 million loss after cutting back on flight schedules.

Rex said on Wednesday it had been forced to significantly reduce its flights in recent months because of a global shortage of pilots and engineers and post-COVID supply chain shocks.