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REX to transition to ATRs, start domestic jet ops

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REX to transition to ATRs, start domestic jet ops

Old 21st May 2021, 11:57
  #1181 (permalink)  

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Originally Posted by Paragraph377 View Post
I never said that I saw AN staff celebrating VBís demise.
You just need to reply to posts in the context that they were set in, rather than making assumptions...anyway, back to the thrilling Rex thread.
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Old 24th May 2021, 05:37
  #1182 (permalink)  
 
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I have heard that REXs loads are on the improve
Particularly on Canberra-Sydney, Melbourne-Adelaide, even Sydney-Melbourne are mostly in the triple digits now
Apparently they are starting to get a bit of a following
Is anyone still counting heads?
Also curious to see how Coffs and Port Maq are performing...
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Old 24th May 2021, 07:08
  #1183 (permalink)  
 
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From what I have observed out of Sydney I would say otherwise. Same if not worse in numbers.
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Old 24th May 2021, 07:58
  #1184 (permalink)  
 
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Originally Posted by Deano969 View Post
I have heard that REXs loads are on the improve
Particularly on Canberra-Sydney, Melbourne-Adelaide, even Sydney-Melbourne are mostly in the triple digits now
Be a bit hard to hit triple digit pax loads CBR-SYD in a Saab.

They would not routinely be hitting 100+ (60+% LF) SYD-MEL - that route has been a disaster for them. Tomorrow they look like they'll be flat out averaging sub-50% LF SYD-MEL and they don't appear to have sold a single J class fare for the day.

MEL-ADL seems to be Rex's best jet route by LF - they might be hitting 100+ half the time.
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Old 25th May 2021, 00:30
  #1185 (permalink)  
 
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Noting the issues of potential sample bias with such a small sample, if you look at QF, VA and Rex midday/1pm SYD-MEL flights today, QF have a somewhat astounding 90% LF, VA around 55% and Rex will post something like 35-40%.
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Old 25th May 2021, 02:02
  #1186 (permalink)  
 
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Originally Posted by MickG0105 View Post
Noting the issues of potential sample bias with such a small sample, if you look at QF, VA and Rex midday/1pm SYD-MEL flights today, QF have a somewhat astounding 90% LF, VA around 55% and Rex will post something like 35-40%.
I think the QF 90% load is probably explained by the cancellation of the 12:30 flight so a lot of its pax will have been shifted onto the 1PM departure.
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Old 25th May 2021, 02:08
  #1187 (permalink)  
 
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Originally Posted by PoppaJo View Post
If your looking for loads on online platforms like Expert Flyer the loads wonít be accurate until after flight had left.
Yep, I'm aware of that limitation. The QF and VA numbers are from a more reliable source, Rex less so but I've applied a generous fudge factor there (the Rex LF could be as low as 30%).
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Old 25th May 2021, 02:17
  #1188 (permalink)  
 
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Originally Posted by 1A_Please View Post
I think the QF 90% load is probably explained by the cancellation of the 12:30 flight so a lot of its pax will have been shifted onto the 1PM departure.
Would depend on when they cancelled the 12.30pm but yes, that most assuredly could explain that very high LF. The same 1pm flight tomorrow looks like a 70% LF presently.
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Old 25th May 2021, 02:30
  #1189 (permalink)  
 
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Hearing whispers of rex crew leaving for VA
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Old 25th May 2021, 03:23
  #1190 (permalink)  
 
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Load factors for this year are a waste of time comparing. Many flyers would have credits and FF points from last year they might be cashing in on QF and VA, hard to say what is revenue and whats pre-sold bookings being honored. Next year the LFs might be more reflective of actual sales. End of year results will tell the story for those listed companies.
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Old 25th May 2021, 04:23
  #1191 (permalink)  
 
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Originally Posted by Ladloy View Post
Hearing whispers of rex crew leaving for VA
With Virginís re-employment policy - it was always going to be risky hiring a heap of redundant WB pilots.
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Old 25th May 2021, 06:32
  #1192 (permalink)  
 
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AFAIK VA haven’t re-employed any crew just yet?
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Old 25th May 2021, 09:00
  #1193 (permalink)  
 
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Originally Posted by slice View Post
AFAIK VA havenít re-employed any crew just yet?
It sounds like it's in the pipeline.
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Old 25th May 2021, 11:48
  #1194 (permalink)  
 
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Originally Posted by 43Inches View Post
Load factors for this year are a waste of time comparing. Many flyers would have credits and FF points from last year they might be cashing in on QF and VA, hard to say what is revenue and whats pre-sold bookings being honored. Next year the LFs might be more reflective of actual sales. End of year results will tell the story for those listed companies.
I’ve certainly booked several flights recently on Virgin simply to get rid of points.
Not because I necessarily wanted to fly with them.

Don’t want to get caught in another Ansett.
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Old 25th May 2021, 12:08
  #1195 (permalink)  
 
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Why do so many of you care what the LF are? Have you not got something better to do than be searching what Rexs load factors are? It appears some of you have no life what so ever. Get a life. It’s not important.
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Old 25th May 2021, 12:43
  #1196 (permalink)  
 
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Seriously
Post of the year for me. And notice so much of it all comes from the same boring, repetitive offenders.
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Old 26th May 2021, 00:48
  #1197 (permalink)  
 
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So does anyone know what the loads were like today out of Melbourne considering the new restrictions?

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Old 26th May 2021, 04:39
  #1198 (permalink)  
 
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I do not have intimate knowledge of the funding agreement between REX and PAG Asia Capital. I know this though:
1. PAG would give REX $1.50 per share in what is essentially a cash for equity swap.
2. The first $50M gives PAG a 23% stake in REX
3. However, the remaining $100M gives PAG a far less attractive conversion rate. PAG would then have a 48% stake in REX.
4. The current share price is $1.24 and the YTD trend is bad. Put it all another way…REX has a total market Capitalisation well less than the $150M in the PAG agreement.

Now LF might matter nothing to you or I, but do they matter to PAG? Without them it’s game over in the Jet space….and how keen will they be to inject the remaining $100M? In a congested domestic market, load factors means more to REX than anyone when their half year government grants and subsidies represented 1.5 times their entire passenger revenue. Private Equity will decide, and you can be sure they are watching LF carefully.

It matters not what level of debt QF have, or the finances of Virgin (Bain). The first decision point will be for PAG capital to show their intent, commitment and stomach to keep playing.

Last edited by crosscutter; 26th May 2021 at 06:30.
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Old 26th May 2021, 07:19
  #1199 (permalink)  
 
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Looks like Rex may be in the market for some pilots. 88 pilots due to be re employed back at Virgin by years end is the word on the street. 44 CPT and FO spots coming back.
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Old 26th May 2021, 12:07
  #1200 (permalink)  
 
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Originally Posted by anonfly View Post
Looks like Rex may be in the market for some pilots. 88 pilots due to be re employed back at Virgin by years end is the word on the street. 44 CPT and FO spots coming back.
Who was the clever Richard who employed ex wb senior pilots. Extra training only to have some of them bug off.
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