Between September to January they had been giving the market monthly (pre tax/unaudited) jet profit numbers, that has since stopped, so one could assume the profit has also since dried up. Operating a small fleet of 737s is extremely vulnerable to cost blowouts at anytime of the year, be it engineering, weather, spare parts, staffing, training and so forth.
Rex need to start making some big decisions about who they want to be, and where they want to go in the long run. Amateur hour is now over, the current regime running it appears not fit for where they are going.