REX Financially Secure?

[docjames]

Just adding a data point.

Looking at last minute airfares to MEL-BNE for mid-friday afternoon next week.

Y travel, one way.

QF $699
JQ $499
VA $299
REX $399 (J $449)

Virgin have more flight options, but therefore more capacity to sell. But offering lower fare than Rex - so Rex yield probably looking ok…….


(yes, single reference point, but looking way better than previously for them)

 

[Fortunatecrow]

Just adding a data point.

Looking at last minute airfares to MEL-BNE for mid-friday afternoon next week.

Y travel, one way.

QF $699
JQ $499
VA $299
REX $399 (J $449)

Virgin have more flight options, but therefore more capacity to sell. But offering lower fare than Rex - so Rex yield probably looking ok…….


(yes, single reference point, but looking way better than previously for them)

My MEL/SYD return with Rex this week was very full

 

[gaz0303]

Colleague paid $1800 for DBO-MEL return last weekend. Fair price to get out of DBO

 

[pauly7]

Good news for their sustainability, no doubt the school holidays and peak travel demand helped them in September.

Extremely bad news for Virgin and their plans however. This will be a very very interesting game to watch.

 

[AIRwin]

Rex reporting $2m profit before tax for its jet operations:

https://www.rex.com.au/BlobViewer/BlobViewer.aspx?attachtype=MR&filename=73362B34586F34457155544A5744544F7A6D37595766464334343339466F66647859327A4330537249736235536B626A497268424D59374562387952426378724C5867566E6142566274384B757A70483468542B74616E726A63594C3971774F506C5A4E327639613548343D

 

[MEL_Traveller]

Rex reporting $2m profit before tax for its jet operations:

https://www.rex.com.au/BlobViewer/BlobViewer.aspx?attachtype=MR&filename=73362B34586F34457155544A5744544F7A6D37595766464334343339466F66647859327A4330537249736235536B626A497268424D59374562387952426378724C5867566E6142566274384B757A70483468542B74616E726A63594C3971774F506C5A4E327639613548343D

That’s not bad considering their planes were flying around pretty empty until they did that deal with whomever to allow travel agents to book.

Initially in July and August you would have had 20 people on a flight MEL-SYD, and business would have been mostly free upgrades.

A lot has changed. My 3pm the other day was almost full in all classes, with maybe half of business class paying given the seat map when online chicken opened.

 

[AIRwin]

Today's announcement of further profitability (but 20 years ago in November 2002?)

 

[HS-TQE]

A USA Private Equity firm has acquired a 5% minority stake in REX (ZL) with 2 of the Singaporean businessmen selling their stakes and exiting the Singapore consortium that has majority control of REX.

US private equity firm takes a stake in Australia's Rex

Houston-based Perea Capital, LLC, the investment manager of Perea Capital Partners, LP, has acquired a 5.25% stake in Rex - Regional Express (ZL, Wagga Wagga) in what is the first major investment by a US private equity firm in the airline. In a December 1, 2022, filing with the Australian Stock...

www.ch-aviation.com

 

[oz_mark]

Today's announcement of further profitability (but 20 years ago in November 2002?)
View attachment 314187

Audits can take time

 

[AIRwin]

Audits can take time

Slow cooked...

 

[anyonebutqantas]

Might be a good time to buy Rex shares.

 

[Saab34]

Any plans to upgrade the lounges anytime soon? Pretty terrible if you ask me. Having been in the Sydney one last week. Hand written notes on the walls, paint peeling, Fantastic Noodles....I noted the appliances are also from BIGW and Kmart.

You don't need to spend a motza to make a lounge look good. Simple things like fresh paint, new artwork, new furniture, new TV's, new carpet, more modern signage around the place etc..

 

[RB]

Any plans to upgrade the lounges anytime soon? Pretty terrible if you ask me. Having been in the Sydney one last week. Hand written notes on the walls, paint peeling, Fantastic Noodles....I noted the appliances are also from BIGW and Kmart.

You don't need to spend a motza to make a lounge look good. Simple things like fresh paint, new artwork, new furniture, new TV's, new carpet, more modern signage around the place etc..

Helps to take your mind off the state of play with Bonza though