Originally Posted by
nomess
That’s a great point, and it was clear Bonza’s bookings in April just collapsed while the AFR started publishing……..
You just hope they haven’t yet signed the dotted line for the next batch of NGs they had been talking about.
I don’t think the majority of the travelling public, especially Bonzas target market, read AFR. Bonza bookings didn’t collapse per se, they were never there in the first place, thanks to the unavailability of a web booking engine and schedules that made weekends away impossible, let alone reliability issues with last minute changes. $40 sales were a sugar hit to a diabetic operation.
Rex has different issues, their formerly profitable operation is a ticking time bomb re the lack of suitable fleet upgrades and staff, dipping their toes into Jets was an opportunistic gamble were they were “David” not counting on a Goliath to come into the arena. Alliance took the place of Cobham with NJE as far as QF was concerned and Rex got to pick the carcass once again. Since the demise of Ansett Rex have come across as the opportunistic Crows/Ravens of the local scene, now they are looking a bit like bin chickens, with the staff and shareholders paying the price for management ineptitude. Their current market cap is close to their expected cash holdings, circa $50m, potential lessors do read AFR I suspect, which is why fleet growth is in the negative.