Regional Express Holdings Limited provided earnings guidance for the second half and full year of fiscal 2013. With high fuel prices, government imposed costs and slowing passenger demand, the company is expecting a further degradation of results in the second half of fiscal 2013. The profit guidance for the full year has been revised downwards to 35-40% below the previous fiscal year.

Regional Express Holdings Limited reported consolidated earnings results for six months ended December 31, 2012. For the period, the company’s total revenue was $135,374,000 against $139,065,000 a year ago. Profit before income tax was $12,466,000 against $18,501,000 a year ago. Profit after tax from continuing operations was $9,038,000 against $13,366,000 a year ago. Basic and diluted earnings per share were 8.27 cents against 12.00 cents a year ago. Net cash flows from operating activities were $9,896,000 against $14,766,000 a year ago. Payments for property, plant and equipment - aircraft and other was $6,753,000 against $5,449,000 a year ago. Payments for intangibles were $973,000 against $30,000 a year ago. For the period, the company’s passengers traffic was 577,873 against 608,499 a year ago. ASK was 384.6 million against 384.0 million a year ago. Load factor was 56.8 % against 60.1% a year ago.

Regional Express Holdings Limited announced that they will report first half, 2013 results on Feb 28, 2013