JS just on 3AW and told some classic porkies.
- When asked if he was losing money on $39 fares, he said REX has always been profitable since it was founded but didn't answer the question. He did say passenger handling charges by gov't and airports is $30 per passenger. So if he has 40 passengers on a flight (good but unlikely for REX!!!) he has a whole $360 to cover leases, maintenance, fuel and staff.
- He also said they are debt-free and owe no-one anything which is a complete mischief when the jet fleet is leased which accounting standards say must be held as liabilities on the balance sheet.
- He was asked if he would consider only taking pax who had vaccination passports. Given his current situation, he'd probably gladly take the revenue of a person straight out of ICU with Covid.