God, people getting all antsy over whether the Rex startup is losing money or not. Who cares, its barely out of its second year and numbers are obviously improving, slowly but definitely on the up, which means return business and possibly profitability in the future. The last year of airline business loads mean just about nothing, we have no idea who's paying cash and who's just using the credits. The QF group refused refunds so they have a massive backlog of flight credits, some worth tens of thousands that customers are using up, VA would have similar liabilities. Rex was one of the few that allowed refunds in lieu of credits. This issue of using up credits will affect loads for the next year or two to come for the large players. At least there's a good chance that most passengers on a Rex flight are actually paying for it and not using credits, loyalty points or anything in between. Once those credits are funneled out of the system passengers will exercise more choice with who they fly with, then we'll get a real idea of who's the preferred airline in Australia. Throw in a multitude of other things and Rex is probably doing OK given the situation, from what I hear of the SAAB operation its been overloaded across the network with full flights regularly, which is not the norm, as said before typical large profit LFs of around 50-60% as per the financials.
PS I've heard of a heap of QF credits for international flights around $10k, where they have decided to can the overseas travel and are just whittling the amount away on domestic flights, if that gives some idea how long these credits might be filling seats.
Last edited by 43Inches; 13th Aug 2022 at 07:53.