Gidday GB.
I mentioned REX's low level of debt to highlight the diferences between them and a previous airline that DJ went up against 10 years ago. Assuming of course DJ went after the entire regional market. They may simply choose to pick the eyes out of the prime routes. That would be interesting.
If the overall size of the operation remained with just the major regional markets, then DJ may suffer from the economies of scale of operating a relatively small fleet.
If DJ chooses to compete across the board with either REX, Qlink, or both, then all the associated problems I mentioned in my previous post would have to be taken into account.
Either way, I still don't buy it!