Originally Posted by
getaway
this is NOT tiger/jetstar. Rex already have existing customer base & 50 plus aircraft. Virgin/Qantas will no longer get ANY rex regional passengers connecting to trunk routes.
Why would lease fees creep up ? If they are smart, they would lock in long cheap leases. What other choice do aircraft owners have ?
Wonder if they are hedging any fuel ? Of course that costs money, but can save a lot of money too. Southwest were huge on hedging fuel & it was said all their profits one year recently, were from hedging fuel.
Lots of smart business facts in this post,many may not like how Rex have cried poor & now appear to be doing quite well but they are still going & now employing guys who otherwise would be on unemployment benefits.
Jetstar is propped up by its parent & creative accounting can produce results to suit the occasion so for me its a no brainer for Rex to move forward & make a success of it.
Again,the guys getting a pay cheque every week is who we should be happy for.