I had to smile at this quote from REX's release to the stock exchange.
It is noteworthy that Qantas has not accepted numerous offers by Rex to enter into a collaborative partnership that optimises resources, as permitted under the authorisation, to achieve better outcomes for all stakeholders including the travelling public
in other words, we have tried to get Qantas to join us in a monopoly cartel so we can mutually screw the travelling public. REX are giving all the indications that they are struggling big time and, were it not for significant subsidies propping up their regional network, they'd be toast. As for their mainline services, I can't see it lasting and feel desperately sorry for the staff, most of whom have joined REX after a traumatic 2020 that saw them made redundant by the restructuring Virgin.