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Qantas loses $860 million last year.

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Qantas loses $860 million last year.

Old 31st Aug 2022, 09:44
  #121 (permalink)  
 
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The fact is the Dash 8s or 717s will fly more passengers per aeroplane
A meaningless statistic given different stage lengths. The correct measure is RPKs and it is likely an A380 would easily beat a Dash 8 with this measure.
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Old 31st Aug 2022, 10:02
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[QUOTE=1A_Please;11288158]I don't think anyone other than you believes REX is getting anywhere near an average of 85% load factor. In addition, REX is only getting any sort of loads by selling seats far less than QF would ever countenance. QF's RASK is far better than REX.
/QUOTE]

I can guarantee you that QF/JQ are indeed selling seats cheaper than REX and you can lock this in as well, they are selling far more than REX at these low prices
That's where REX has an advantage with minimal daily flights on the triangle, as QF/JQ discount around REX's schedule they discount same time departure where they can as well as flights departing within an hour, this can be up to 5 flights with discounted seats to stifle REX's 1 flight, bet that's great for the bottom line...
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Old 31st Aug 2022, 10:47
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Originally Posted by 1A_Please View Post
I don't think anyone other than you believes REX is getting anywhere near an average of 85% load factor. ...
For the last three weeks of this month to and including Sunday 28 August, Rex has managed a 70 percent load factor across their jet network. Sydney-Melbourne loads ran at 68.7 percent for that period.

Originally Posted by 1A_Please View Post
... In addition, REX is only getting any sort of loads by selling seats far less than QF would ever countenance. QF's RASK is far better than REX.
Thanks to Rex spruiking their revenue for July in an ASX release on 2 August, you can calculate their RASK for jet ops. It comes in at about $0.1125. On the basis that that revenue was meant to have been off the back of 86 percent loads, less than 12 cents per ASK is most assuredly nothing to write home about (unless, of course, you've only been pulling down 5-6 cents/ASK previously). Back of the napkin, RASK over the past three weeks has been around 9.4 cents.

Last edited by MickG0105; 31st Aug 2022 at 11:29. Reason: Typo, tidy up
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Old 1st Sep 2022, 03:15
  #124 (permalink)  
 
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Gareth Evans sent out a nice ‘farewell Gerry’ email yesterday as it was Gerry Turners last day at JQ. Although a fairly easy individual to get along with, Turner leaves with a nice bundle of QF shares and the legacy of having financially benefited from being one of Alan’s protected species. The ‘still wet behind the ears’ safety kid Franzi has some big shoes to fill, that’s for sure.
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Old 6th Sep 2022, 03:29
  #125 (permalink)  
 
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[QUOTE=Deano969;11288192]
Originally Posted by 1A_Please View Post
I don't think anyone other than you believes REX is getting anywhere near an average of 85% load factor. In addition, REX is only getting any sort of loads by selling seats far less than QF would ever countenance. QF's RASK is far better than REX.
/QUOTE]

I can guarantee you that QF/JQ are indeed selling seats cheaper than REX and you can lock this in as well, they are selling far more than REX at these low prices
That's where REX has an advantage with minimal daily flights on the triangle, as QF/JQ discount around REX's schedule they discount same time departure where they can as well as flights departing within an hour, this can be up to 5 flights with discounted seats to stifle REX's 1 flight, bet that's great for the bottom line...
You have to wonder if that's legal behaviour from the airlines competing against Rex.
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Old 6th Sep 2022, 03:30
  #126 (permalink)  
 
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https://www.theage.com.au/business/c...bfpf.html?btis
maintenance woes ground half of JQ long haul fleet.
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Old 6th Sep 2022, 03:44
  #127 (permalink)  
 
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This mess has been in the news cycle all morning! JQ CP even fronted the media as the CEO has already packed his desk up. Next CEO will inherit a mess and massive PR disaster. JQ has had its issues but nothing like this.
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Old 6th Sep 2022, 04:56
  #128 (permalink)  
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Bloody Covid now affecting B787 aircraft.
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