Originally Posted by
Deano969
Better than a loss, as most on here predicted ...
So $2 million dollar profit per month 👏
But with the current market a clown could make millions per month in the domestic aviation market with reduced capacity, high prices and high demand. QF is making about $250 million profit per month at the moment. QF group is about 10 times larger than Rex. So comparatively QF is making 12 times the amount of profit that Rex is.
Now over the next year QF will increase capacity and market share and prices will fall. QF’s profit will probably go back to around $1 billion, which is roughly what they should be making for a company their size (the current $2 billion plus profit for the 22/23 FY is not sustainable long term) and shouldn’t hurt them too much. But increased capacity and lower prices will really hurt Rex, and their measly $2 million profit will not sustain them.