rex Celebrating 20 Years
Join Date: Jul 2020
Location: New Zealand
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Not sure what the excitement is, but the last few weeks the ASX has been flat, with Rex shares pretty much pacing with it the last 5 days on comparison. Looks odd but generally the company results are totally in line with what the market expected from the look of it so no one of note batted an eyelid and probably just some minor trades going on.
It's got nothing to do with tracking the ASX. The ASX is made up of a basket of shares, some winners some losers on any given day. Look at MickG0105 chart. Did the market go up some 16% over the two days early August before it levelled out as you have observed. What about in February? I have watched this stock for a long time and it just doesn't make sense. Large increases in market cap on as little as 5000 shares. Goes up on no news that would elicit the action in the market. I acknowledge that the shares may be tightly held. However, as MichG pointed out earlier, there would appear to be covenants on the PAG funding. Time will tell what happens with the shares that are held now if PAG get to exercise their rights. They could easily be worthless.
Be interesting to know whether they had it reconfigured to the VA-style J/economy-X/Y cabin.
I imagine they have it configured in their configuration.
Painted with its Aussie rego in place, with a decal slapped over displaying its temporary reg for delivery flight purposes. Pretty standard with delivery of second-hand aircraft.
Only 8 years old, but been around the block a bit. Looks like it only flew regularly with the first operator, rest of the time sitting around.
VH-MFM
VH-MFM
Interesting it spent quite a few months sitting in BNE during COVID waiting for Samoa to take it up.
Join Date: Jul 2020
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Numbers still on the way up for REX jet
A couple of weeks ago Thursday numbers outbound
Y average 109.4 around 65%
Yesterday
Y average 141.0 around 84%
Sorry MickG and PoppaJo but you just can't argue with the numbers.....
A couple of weeks ago Thursday numbers outbound
Y average 109.4 around 65%
Yesterday
Y average 141.0 around 84%
Sorry MickG and PoppaJo but you just can't argue with the numbers.....
Separately, and falling into the same pattern of telling you something that you've been told before, you cannot accurately infer what the true Y/J spilt is from the seat plan data. As a couple of contributors have noted, Rex are pursuing a practice of routinely upgrading punters from Y to J meaning that the Y numbers are likely understated. You're best sticking to total pax numbers.
And why would you be quoting "outbound" numbers?! Outbound from where? Sydney? Melbourne?
Looking at the network in total, yesterday Rex's jet ops managed an aggregate load factor of 82.6 percent over their 28 flights for the day. Last Thursday, one of their weakest for the past four weeks, they managed only 76.4 percent.
