Originally Posted by
dr dre
... Does Rex give any profit advice updates to the market, it should be about time for one……
Rex's price sensitive ASX announcements are generally a joke, little more than a hackneyed marketing exercise, generally largely, if not entirely, devoid of any real or meaningful data.
Back in early August, astoundingly with only a month of unaudited FY23 trading under their belt, Rex came out with this "
Profit Guidance". Notably, the document is entirely devoid of any actual guidance as to expected profit. The closest you get to 'guidance' is the caveated statement that Rex '...
believe that both our domestic and regional operations will be profitable this FY'. That's it. Needless to say that the market treated the announcement as you'd expect - it did essentially nothing to share price.
Whether Rex intended it or not, the fact that they stated their actual revenue from jet ops for the month of July and stated their load factor for the month did allow for further calculations. Given their relatively simple route and schedule structure for the month it wasn't difficult to calculate available seat kilometres, revenue per available seat kilometre, total pax carried and average revenue per pax. RASK was about 11.5 cents and average revenue per pax was around $103.50. For what was purportedly a "sterling start"/"phenomenal performance", neither of those numbers are anything to write home about.