You can’t blame people and shareholders especially for asking questions. The company for 5 months announced monthly profit numbers to the market. They went quiet for a few months. A month prior to the years end, they have told the market they are now loss making.
You don’t need a degree to understand basic fundamentals re operating a sustainable business. If you fly 40% full for half the week, you are burning cash. The thing is, according to the numbers, they are. I suggest if you have time to waste, jump on Expert Flyer and run some Rex numbers for this morning. It’s not great.
It further leads to the point, that for Rex to be taken any further, successfully, they need an executive overhaul.