Australian regional carrier Regional Express (Rex) is currently losing nearly 90% of its pilots each year and says this is because bigger Australian carriers such as Qantas Airways, Jetstar and Virgin Blue are poaching them.
Rex this week released an analysts' briefing document to the Australian stock exchange showing that - for the year to February 2008 - its pilot attrition rate was 89%.
This compares to an attrition rate of around 16% in the 12 months ending 30 June 2006, while in the 12 months ending 30 June 2007 it was nearly 60%.
The acute pilot shortage has forced Rex to suspend services on some routes such as Melbourne-Griffith, Sydney-Cooma and Maryborough-Brisbane.
Rex's rival QantasLink revealed this week it too has been some suspending services due to a shortage pilots.
Some of the routes QantasLink has suspended are Newcastle-Melbourne, Newcastle-Brisbane and Newcastle-Sydney.
To see Rex's briefing document for analysts go to: htt://www.asx.com.au/asx/statistics/announcementSearch.do
Rex this week released an analysts' briefing document to the Australian stock exchange showing that - for the year to February 2008 - its pilot attrition rate was 89%.
This compares to an attrition rate of around 16% in the 12 months ending 30 June 2006, while in the 12 months ending 30 June 2007 it was nearly 60%.
The acute pilot shortage has forced Rex to suspend services on some routes such as Melbourne-Griffith, Sydney-Cooma and Maryborough-Brisbane.
Rex's rival QantasLink revealed this week it too has been some suspending services due to a shortage pilots.
Some of the routes QantasLink has suspended are Newcastle-Melbourne, Newcastle-Brisbane and Newcastle-Sydney.
To see Rex's briefing document for analysts go to: htt://www.asx.com.au/asx/statistics/announcementSearch.do
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