Originally Posted by
1A_Please
I don't think anyone other than you believes REX is getting anywhere near an average of 85% load factor. ...
For the last three weeks of this month to and including Sunday 28 August, Rex has managed a 70 percent load factor across their jet network. Sydney-Melbourne loads ran at 68.7 percent for that period.
Originally Posted by
1A_Please
... In addition, REX is only getting any sort of loads by selling seats far less than QF would ever countenance. QF's RASK is far better than REX.
Thanks to Rex spruiking their revenue for July in an ASX release on 2 August, you can calculate their RASK for jet ops. It comes in at about $0.1125. On the basis that that revenue was meant to have been off the back of 86 percent loads, less than 12 cents per ASK is most assuredly nothing to write home about (unless, of course, you've only been pulling down 5-6 cents/ASK previously). Back of the napkin, RASK over the past three weeks has been around 9.4 cents.