New ships for REX!!!!!!!!!!
 

Word is REX has signed for some ex-SAS Q400's....who will fly them?:uhoh:

Flying them is the easy part, it's the landing without damaging the gear is the hard part :ok:

REX pilots will fly them, but they soon won't be working for REX!

?
 

So who will REX pilots be working for K34? Are you eluding to a take-over or sale? Or just stating the obvious, the ever continuing exodus?

As for the new ship, quite a statement, how reliable is your information TBM?

FMC.

Easy
 

Landing them without damaging the gear is easy, because the gear doesn't come down. It is landing them without damaging the fuselage that is the tough bit. :)

Humble Pie
 

I see Rex profits have gone up!!Shows all this talk of doom and gloom is a load of nonsense. You people on PPRUNE who have forecast the decline and even closure of Rex are on another planet. Rex is very healthy. It is a very good argument NOT to put pilots wages up.

Shows why you guys are pilots and NOT business managers.

If the cost of wages has gone down, i.e your workforce has shrunk. It stands to reason your profits go up. However, as your punters get the hump, income will go down. Time will tell.

*Sigh*. Tell that to the staff who have to cancel sectors virtually every weekend - the ops staff who make the call, the call centre guys who have to tell the passengers, the gate staff who have to deal with the pax who the call centre missed, the crew who have to deal with angry pax on board the aircraft.

There is a very simple reason profits are up. Cancelling so many flights means that almost every remaining flight goes out full or close to it. It's simple economics. Every fligth cancelled saves the company money.

Doesn't do much for the couple of thousand p!ssed off passengers though.

Yep, there is always an "order" before the end!

bbbbbbbbzzzzzzzzzzzzzzzzbbbbbbbbbbbbbbbbzzzzzzzzzzzzzzzzzzzz zz

New hangar being built in Adelaide. Cant be going so bad can they?

Monketgirl, rex profits go up hey? They are still a dollar short of where mine were when i sold them 9 months ago:ooh:

6 x Q400,,,,,,,,,early 2009,,,,,sim,,,,:mad:

Gidday monketgirl, and welcome to the wonderful world of Pprune.

I for one welcome the insight and varied opinion of others. I hope you stick around and continue to offer the other side of the debate. Regretfully in the past others have come in, offered the alternative, and then litteraly disappearded into the ether when the logic swung against them. I sincerely hope you will show more backbone!

As to your assertion that because REX are currently doing well and as such there is no problem, I suggest that you take the time to look at the numbers. It is true that LKH and his team have done a magnificent job over the last 3 years. The retireing of debt has been a major factor in allowing REX to weather this storm. The problem is, the storm is far from over. The serious lack of upgradeable pilots to command, and the continueing loss of experienced Captains, will soon see an exponential increase in the cancellation of services. You are aware of the strict minimum experience level for command?

Believe it or not we are in the business of transporting people, real people! If you are an employee of REX may I suggest you take the time to go down to dispatch and see for yourself the results of the company doing so well? goatwhacker has summed that one up nicely.

I hope you are right, and the majority of those here have got it wrong. Mind you after a quarter of a century in this business (and I'm a young'n compared to some here), I have never seen anything like this before. If I'm wrong, I'll be the first to admit it. If I and the majority here are right, then I fear that a once great company will at the very least be reduced to a shell of its former self!

Stay tuned.

Regional Express Posts Profit Increase
 

IN the words of Rex chairman Lim Kim Hai, the regional airline weathered a "veritable tsunami" to record an 8 per cent rise in third quarter profits, to $8.2 million.

And what a maelstrom it was -- and still is. We all know about the effect of still-rising fuel costs, which account for close to 20 per cent of Rex's total expenses.

But the real dilemma for Rex is those bus drivers, er, pilots which keep ejecting as quickly as new ones can be trained. Pilot attrition is running at 50 per cent, with the figure expected to peak at 60 per cent this year.

Under the circumstances, Rex has every right to be pleased with its performance. “This airline is performing stronger and better each and every day,” proclaims deputy chairman John Sharp.

Rex is showing the right trends with revenue (up 9.3 per cent) growing faster than non-fuel costs (5.4 per cent). It's also leading on punctuality, which given the frequent whinges about Qantas flyers, this probably isn't saying much.

According to Sharp, the third quarter is traditionally the worse quarter because January school holidays and business does not pick up until late February. Easter -- a quiet time -- also fell during the quarter.

A positive feature of Rex is that 31 out of 36 routes are not used by any rivals, either because it's not economic or because their planes are too big.

Rex is confident of meeting the full-year forecast of a net profit similar to the previous year's $23.6 million. “Bookings for the last quarter are strong, translating into high load factors,” Lim said.

Earlier the airline expected a 10 per cent increase, but a poor first half put paid to that. But as Lim points out, Rex will make more money in the second half than Virgin Blue will make for the whole year.

Long-time Criterion readers would be well aware of your columnist's aversion to airline stocks.

But given Rex's share price slide -- down from the $2.50 a share level of six months ago -- we're happy to rate the stock a long-term buy.

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The Australian

Righto TBM, you seem to be in the know, which routes do you suggest the Q400s are likely to be utilized should they have the available crew and resources?

Secondly, the process of introducing a new type is long and expensive, one would assume such an exercise is currently underway, can you confirm this? If so this would obviously be eating into the profits for the end of financial year statement. Will it be mentioned?

FMC.

Imagine what the results would have been if pilots had stayed. :}:eek:

Here is how they do it...
 

From the SMH:
Rex lifts airline fuel surcharge
May 23, 2008 - 6:38PM



$40 per sector, the Australian travelling public must be amongst the most gullible in the world!

......................"tremendous efficiency gains" this is the bit I like, they meant to say due to screwing the staff but I guess that wouldn't look too good on paper !:bored:


CW

What a tosser!!!

I just emailed the tosser with a suggestion that he research this "Pilot shortage" and write a truthful article on same. I'm not holding my breath.


Maybe a few of you could email him as well. His email is:

[email protected]