Australia's Rex pre-tax profit falls 3% in Q3

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Australian regional carrier Regional Express (Rex) has posted a 3% fall in pre-tax profit to A$4.4 million ($3.6 million) for its fiscal third quarter ended 31 March.

Passenger revenues grew 0.1% to A$45.5 million, while total revenues declined 3% to A$53.7 million, says the airline.

Fuel costs rose 0.2% to A$7 million, and other costs fell 0.4% to A$42.3 million, it adds.

The airline says it expects post-tax profit for the fiscal year ending 30 June to be between A$21.5 million and A$23 million.

Rex posted a post-tax full-year profit of A$23 million for the fiscal year ending 30 June 2009.

For its fiscal third quarter, Rex's passenger numbers rose 0.3% to 293,225. Capacity, as measured in ASKs, rose 3%.

Its passenger load factor fell 1.8 percentage points to 61.4%, adds Rex,