Originally Posted by
Deano969
Reducing operating loss by over $70mil per annum is nothing to be sneezed at, particularly when you consider
REX is a transitioning airline moving from purely regional to mainline jet ops with regional feed
Around double the revenue from 2022 to 2023
There is still coin available from PAG
Pilot drain and maintenance issues due to supply chain problems
Big picture dictates an operating loss of $32mil is not the end of the world
250 or so return trips sold per day will wipe this out rather quickly
OK sure it's good, but it is all being driven by the revenue coming back as it ramped back up of operations, and that as we know hit a bit of a pothole. Rex lost focus on their core regional business and are going to be sub-scale in the jet business for a while. They are going through the PAG coin pretty quickly, and that will only accelerate as the costs are rising above what they must have planned for. Oh, and what's the price of oil like these days?
Look, I personally want to see Rex thrive and become a viable third competitor across the country, and perhaps they can. It's just at this juncture, it seems that the spin machine is running hard and they are facing some challenges. They aren't insurmountable, but you also need to be realistic.