REX to transition to ATRs, start domestic jet ops

[blubak]

Originally Posted by 1A_Please

JS just on 3AW and told some classic porkies.

1. 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.
2. 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.
3. 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.

Heard some of the same interview,didnt seem worried or concerned but good spin doctors are gifted in that area.