News of the losses come as the ‘SaaSpocalypse’ could test the company’s US$65b valuation.
The ASX abandoned the project last year and took a A$176m writedown.
The former CEO is expected to still walk away with about A$12m.
The pensions giant offered ‘sustainable’ funds that included investment in fossil fuels, gambling, and alcohol.
The Australian dollar fell on the inflation data, suggesting the market is discounting chances of a rate rise next week.
Rex operated regional routes successfully for several decades, but an ambitious expansion on capital city routes has been a catalyst for failure.
The chain had ambitions to roll out 300 stores throughout Australia, but has been hit by tough competition and consumer spending cutbacks
Financial problems at Rex Airlines come after the collapse of low cost carrier Bonza in April.
The companies continue to be in dispute over plumbing leaks installed by the builder using Fletcher products.
Investigations are continuing into the affair, and senior executives including the chief executive will be under scrutiny.