The airline Regional Express (Rex Airlines) is still undecided on the future of its Sydney-Taree-Grafton service, despite posting a nearly $11 million before tax profit, last financial year.
The regional carrier says it is now Australia’s most profitable passenger airline group for the third consecutive year.
While Qantas and Virgin last week announced significant losses, Rex is still posting a profit.
But it has seen a sharp downturn from the previous financial year, with a 45 percent drop in profits, and 38,000 fewer passengers
A spokeswoman for the company says the future of its Taree-Grafton service was discussed by management last week.
The company is continuing its review of the route.
Both Grafton and Taree were put on notice earlier this year that if passenger numbers do not increase, the Rex service could be axed.
Source: ABC News, photo courtesy of www.rex.com.au