So according to the Rex ASX statement,
- “..overall regional demand is back to 60% of pre COVID levels”,
- “..so regional capacity is therefore 35% of what it was pre COVID”
- .“Rex’s regional operations appear to be slightly loss making..”
- but “Rex’s cash position has improved exponentially”
So Rex expects to finish the FY in a “break even situation”.
So the cash position has improved exponentially from just 5 new domestic and 2 new regional routes?