Originally Posted by
430W
Rex annual results are out. Haven't looked right through them but essentially saying a $4M loss after an $83M government handout. That $4m Loss is after reporting an expected $19M loss just a few weeks ago. Great few weeks!
Herr Sharp will have his usual cry and blame it all on that rascally predator Qantas.
If the shareholders are looking for someone to hang it should be the REX Board and CEO. They own this mess. COVID was always going to leave the cupboards bare, but starting a 737 operation on the premise that VA was gone forever has contributed massively to the REX losses. They have had Government handouts, have many subsidised routes, but have still come up short. Tsk tsk tsk.