Originally Posted by
Colonel_Klink
Don’t Rex think that they sit above Virgin as they consider themselves a ‘full service’ airline?
I am genuinely surprised at how they are sustaining the loads that they are. Their aircraft are always parked in either SY or ML - and the Rex checkin at Melbourne is constantly deserted. Something has to give?
They are able to keep going because their regional franchise is profitable so the cash isn't running out as fast as it would otherwise. At some point, some shareholders are going to start asking some questions as to why so much money is being pi$$ed up against the wall at which point a class action against directors is not out of the question.