Originally Posted by
1A_Please
The Australian is reporting that REX has announced to stock exchange that t now expects to lose$15M this year but bizarrely blames the loss on the latest Victorian lockdown. Seriously!!! The Victorian Government has a lot to answer for in its incompetent management of the Covid crisis but I don't think we should blame them for REX's disastrous management decisions.
What a perfect opportunity for them to blame this disaster on something but their own incompetence. The jet operation was always going to haemorrhage money with the prices they are charging and lack of pax.