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Rex shifts profit guidance downward

Regional Express (Rex) has advised investors that its profit guidance for the 2014-2015 financial year needs to be revised.In February, the carrier said its ‘net outcome of tailwinds and headwinds is expected to be moderately positive for the Rex Group for the full financial year’. However, due to deteriorating passenger numbers – albeit at a much slower pace than the prior two years – Rex has revised its Group profit outlook to ‘net outcome of tailwinds and headwinds is expected to be moderately negative for the Rex Group profit for the full financial year.’The Rex Group will announce its full year audited results for the financial year ended 30 June 2015 on 28 August in a briefing to investors held at its corporate headquarters.The Rex Group comprises Regional Express, air freight and charter operator Pel-Air Aviation and Dubbo-based regional airline Air Link, as well as the training organisation Australian Airline Pilot Academy.

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