From systems integrator to multi-domain solutions provider (video)
Philipp von Brandenstein, Head of Corporate Communications at Rheinmetall, explains how Eurosatory 2026 marked a new stage in the company's evolution.
Rex reports A$9.6m half-year profit
Regional Express (Rex) has reported a profit of A$9.6 million for the first half of its financial year which ended on 31 December 2009.
Revenue for the six months from 1 July-31 December last year was A$117.8 million, a 13.3% decrease compared with the A$135.8 million reported for the half-year which ended on 31 December 2008. The A$9.6 million profit from ordinary activities after tax attributable to members was down by 8.6% from the A$10.5 million reported for the same period in the previous financial year.
The first half of Rex’s 2009-10 financial year saw a reduction in available seat kilometres (ASKs) by 3.6% as frequency reductions introduced in the previous financial year – to counter reduced demand for regional travel brought about by the global financial crisis – were largely kept in place. However, the airline notes that this scaling back of capacity was insufficient to meet ailing demand, which saw passenger numbers decline by 8.8% on the prior corresponding period.
The lower passenger numbers coupled with greatly reduced freight activity, stemming from the restructure of Pel-Air, were behind the company’s revenue declining by 13.3%.
Total costs over this period reduced to A$104.9 million. This was mainly due to lower fuel and engineering costs and favourable foreign exchange gains, all of which totalled A$14.5 million.
You may also like
More from Defence Notes
-
![From systems integrator to multi-domain solutions provider (video)]()
-
![US Pentagon pushes for major reform of defence acquisition system]()
US Pentagon pushes for major reform of defence acquisition system
The US Department of Defense has requested new contracting authorities from Congress, using the Army's MV-75 Cheyenne programme to demonstrate how competition, digital engineering and closer industry collaboration could accelerate acquisitions.
-
![US speeds up B61-13 nuclear bomb production as programme moves further ahead of schedule]()
US speeds up B61-13 nuclear bomb production as programme moves further ahead of schedule
The US government plans to accelerate production even further after achieving key B61-13 milestones months ahead of schedule, as the programme advances amid growing US-China strategic competition.
-
![Canada’s C$2 billion ACSV deal reinforces new defence industrial strategy as allies align]()
Canada’s C$2 billion ACSV deal reinforces new defence industrial strategy as allies align
General Dynamics Land Systems-Canada is the country’s first strategic partner under the Defence Industrial Strategy’s Strategic Partnership Framework, an effort to provide companies with confidence to invest and boost the defence labour force.
-
![New UK armed forces minister frames High North defence as vital to “homeland security”]()
New UK armed forces minister frames High North defence as vital to “homeland security”
The UK’s Minister for the Armed Forces Louise Sandher-Jones made her first appearance in the role before the House of Commons Defence Committee this week to highlight efforts to improve capability in the High North.
-
![Canada seeks to strengthen industrial ties with the US on classified programmes]()
Canada seeks to strengthen industrial ties with the US on classified programmes
Ottawa explores expanding defence-industrial cooperation with Washington into sensitive programmes, an approach that could reshape NORAD modernisation, strengthen North American supply chains and create new opportunities for defence contractors.
