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Search: Posts Made By: MickG0105
Showing results 1 to 35 of 243
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Forum: Australia, New Zealand & the Pacific
22nd Apr 2024, 09:22
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

One of the two PAG directors moving on. ...

One of the two PAG directors moving on.

https://cimg5.ibsrv.net/gimg/pprune.org-vbulletin/752x1032/screenshot_20240422_192038_adobe_acrobat_efc1dc06762f280566677026875ece6844b38eae.jpg
Forum: Australia, New Zealand & the Pacific
19th Apr 2024, 23:01
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

What was that? A charter? Looks like it went...

What was that? A charter? Looks like it went to Devonport half full and came back empty.
Forum: Australia, New Zealand & the Pacific
18th Apr 2024, 06:59
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

And it had no meaningful impact on pax numbers on...

And it had no meaningful impact on pax numbers on their domestic jet network. Any time they get into a shoot-out with either of the majors on price, they lose.
Forum: Australia, New Zealand & the Pacific
17th Apr 2024, 07:09
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Should be $30 million left undrawn. Given...

Should be $30 million left undrawn.

Given their H1 performance and their domestic jet numbers so far this half, they can't be too far off making a reasonably significant draw down.
Forum: Australia, New Zealand & the Pacific
28th Mar 2024, 00:40
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

I was thinking pretty much the same; this one,...

I was thinking pretty much the same; this one, and the return to MEL which was also delayed by 10 hours, get chalked up the same way as a flight that arrives 15 minutes late. In a similar vein, the...
Forum: Australia, New Zealand & the Pacific
27th Mar 2024, 10:04
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

A fun day out for those looking to get an early...

A fun day out for those looking to get an early start to their Easter hols on the Golden Coast!
...
Forum: Australia, New Zealand & the Pacific
20th Mar 2024, 07:59
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

The description of the "lounge" is pretty much...

The description of the "lounge" is pretty much bang on.
Forum: Australia, New Zealand & the Pacific
13th Mar 2024, 13:00
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

I don't know if I'd call EY a "minor" Velocity...

I don't know if I'd call EY a "minor" Velocity partner; I'm pretty sure that the EY points arrangement with Velocity is a bit better than the QR deal.

In any event, how does that EY-VA...
Forum: Australia, New Zealand & the Pacific
13th Mar 2024, 12:13
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Etihad still have their partnership relationship...

Etihad still have their partnership relationship with VA; that arrangement is at least one rung up the ladder in terms of commercial significance compared to a simple interline agreement.
Forum: Australia, New Zealand & the Pacific
12th Mar 2024, 05:47
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

I thought that they had pulled Martin in to...

I thought that they had pulled Martin in to advise on their bid for the Antarctic support contract.
Forum: Australia, New Zealand & the Pacific
11th Mar 2024, 05:26
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Thanks for that - I had not seen the media...

Thanks for that - I had not seen the media release. A little untidy, nevertheless, being punted from the Board after nearly a decade at the table.
Forum: Australia, New Zealand & the Pacific
11th Mar 2024, 04:08
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

And Rex announced today that Neville Howell's...

And Rex announced today that Neville Howell's last day was last Friday. Odd way to send a bloke off who has been with the show since the get-go.
Forum: Australia, New Zealand & the Pacific
2nd Mar 2024, 08:58
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

I don't think that anyone outside of the inner...

I don't think that anyone outside of the inner circles at Rex and PAG would have all the details but basics of arrangement were presented to shareholders back in late 2020. You can find the relevant...
Forum: Australia, New Zealand & the Pacific
1st Mar 2024, 10:46
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

The last six months was most assuredly not "all 9...

The last six months was most assuredly not "all 9 ships plying the waves". When you are comparing fleet numbers that are fluctuating, the easiest way to do it is to take the operational fleet size...
Forum: Australia, New Zealand & the Pacific
1st Mar 2024, 09:35
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Not sure why you'd reference "9 737". I was...

Not sure why you'd reference "9 737". I was comparing the H1FY24 (1 July 2023 - 31 December 2023) numbers to H1FY23 (1 July 2022 - 31 December 2022); the effective change in jet fleet numbers is...
Forum: Australia, New Zealand & the Pacific
1st Mar 2024, 06:39
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

No, I definitely wouldn't say that. They've got...

No, I definitely wouldn't say that. They've got another $30 million that they can draw down on from the PAG deal plus $54 million in cash and cash equivalents. Their problem is that they just seem...
Forum: Australia, New Zealand & the Pacific
1st Mar 2024, 04:35
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

There's far, far bigger matters in play here than...

There's far, far bigger matters in play here than suspending a few regional routes. The H1FY24 to H1FY23 numbers for cash in, cash out look something like this:

Pax revenue $311.438 millionup by...
Forum: Australia, New Zealand & the Pacific
29th Feb 2024, 21:14
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

I suspect that pilot numbers is amongst the...

I suspect that pilot numbers is amongst the lesser of their worries.

Crewing issues notwithstanding they managed to increase capacity by around 13.7 percent. Bums on seats increased by less than...
Forum: Australia, New Zealand & the Pacific
29th Feb 2024, 06:10
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

It's a bit hard to say. They have $30 million...

It's a bit hard to say. They have $30 million left in the PAGgybank. Here though it is worth noting that after drawing down $30 million in H1FY24, their net cashflow was only +$5.3 million. ...
Forum: Australia, New Zealand & the Pacific
29th Feb 2024, 04:49
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

That "small loss" is largely propped up by Rex...

That "small loss" is largely propped up by Rex booking a $20.7 million gain on a revaluation of the PAG convertible notes and warrants, a handful of other book value losses/gains, and the waiver of a...
Forum: Australia, New Zealand & the Pacific
8th Feb 2024, 21:55
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Our heart is in the country (Armidale now excluded)

https://cimg7.ibsrv.net/gimg/pprune.org-vbulletin/906x1200/screenshot_20240209_080144_adobe_acrobat_253695a9c9d6e15686da3639ff59c5a59cac1f2c.jpg
Forum: Australia, New Zealand & the Pacific
7th Feb 2024, 08:06
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Quit? Or were you relentlessly pillaged by a...

Quit? Or were you relentlessly pillaged by a rival?
Forum: Australia, New Zealand & the Pacific
3rd Feb 2024, 10:20
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Oh, I've also been known to peruse the BITRE pax...

Oh, I've also been known to peruse the BITRE pax traffic statistics too, certainly enough to know that while the average change in domestic pax carried daily between January and February is around...
Forum: Australia, New Zealand & the Pacific
2nd Feb 2024, 09:30
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

They also seem to be taking the wire brush to...

They also seem to be taking the wire brush to their domestic schedule. Today they only operated 38 flights, 8 fewer than last Friday; only 6 SYD-MEL return, no MEL-OOL service, pax numbers were...
Forum: Australia, New Zealand & the Pacific
22nd Dec 2023, 22:15
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

I've seen financing news quoting $US200-280,000...

I've seen financing news quoting $US200-280,000 (AUD 294-412,000) a month range for -800 lease rates depending on the age. I'd be surprised if Rex got any of the last three relatively low-time jets...
Forum: Australia, New Zealand & the Pacific
21st Dec 2023, 08:36
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Sometimes they really do just fall into your lap.

Sometimes they really do just fall into your lap.
Forum: Australia, New Zealand & the Pacific
21st Dec 2023, 08:15
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Thank you, Colonel. It's not as though there's...

Thank you, Colonel. It's not as though there's not a good deal of reciprocity in terms of others providing some very good insights into the operational side of things.
Forum: Australia, New Zealand & the Pacific
21st Dec 2023, 08:13
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Yes, the old 'Never Mind the Quality, Feel the...

Yes, the old 'Never Mind the Quality, Feel the Width'.

February-March next year will be, if not crunch time, certainly an inflection point - half-year results will be out (and Rex will be out of...
Forum: Australia, New Zealand & the Pacific
20th Dec 2023, 02:24
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

G'day Colonel, it just struck me as somewhat odd...

G'day Colonel, it just struck me as somewhat odd that hot on the heels of Rex having easily their best month of both the current financial, and calendar year in November, that:

a. their share...
Forum: Australia, New Zealand & the Pacific
19th Dec 2023, 22:20
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

What's the story with the new jet, -8ZL? It...

What's the story with the new jet, -8ZL? It seems to have an odd "non-standard" seating configuration.
Forum: Australia, New Zealand & the Pacific
13th Dec 2023, 19:46
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

This...

This (https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02754175) appears to be the draw down of a further $25 million from the PAGgybank yesterday. That is Rex's single...
Forum: Australia, New Zealand & the Pacific
12th Dec 2023, 06:37
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Thanks for that. So one in, one out.

Thanks for that. So one in, one out.
Forum: Australia, New Zealand & the Pacific
12th Dec 2023, 02:23
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Do you know if the plan is for -RQG to come back...

Do you know if the plan is for -RQG to come back to Rex as a freighter, or off to other pastures?
Forum: Australia, New Zealand & the Pacific
29th Nov 2023, 00:14
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

Muchas gracias.

Muchas gracias.
Forum: Australia, New Zealand & the Pacific
26th Nov 2023, 04:38
Replies: 2,839
Views: 1,103,667
Posted By MickG0105

A few days to run yet but November is shaping up...

A few days to run yet but November is shaping up as quite a solid month for Rex's domestic jet ops; they will likely close out the month with some 180,000 pax moved on nearly 1,280 flights.

Their...
Showing results 1 to 35 of 243
 
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