From page 29 of the Saturday May 10 edition of the Border Mail:
REX RAISES FUEL LEVY $3
RECORD high oil prices have forced regional airline Regional Express Holdings to lift its fuel surcharge by $3 a sector.
Rex’s fuel surcharge will rise from $33 to $36 a sector from Tuesday.
“Oil prices have risen by another ten percent since the last time we raised the fuel levy and are now at historic highs above $US120 a barrel,” Rex general manager, network strategy and sales, Warrick Lodge said.
“In addition, the refining margins have also increased, presenting a double blow for airline fuel.”
Rex said it understood the impact on regional Australia, but that the average ticket price was still lower than it was five years ago.
Rex shares closed 0.5c lower at $1.045.