Rex executive chair: ‘airline industry has never been as badly ravaged in its entire history’

    Regional Express (Rex) executive chairman Lim Kim Hai stated (31-Aug-2021) “The airline industry has never been as badly ravaged in its entire history as today with a staggering drop of 56% in passenger numbers globally”. Mr Lim said: “To understand the magnitude of the devastation, the drop in global passenger numbers was 16% during the Global Financial Crisis”, noting that Rex’s passenger numbers decreased 29% in FY2021. Mr Lim said the carrier “performed relatively well in a full year of operations under the pandemic”, and is “pleased that we have even managed to improve on our performance over the prior year which was only affected by COVID for a third of the year”.

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