rex Celebrating 20 Years
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Another unaudited, before tax, monthly profit result has been released to the market.
According to the release they made "about $2 million" in the previous month. Yes those are the exact words they used. Next release will they use "roughly this"..."close to that"..."nearly this..."
According to the release they made "about $2 million" in the previous month. Yes those are the exact words they used. Next release will they use "roughly this"..."close to that"..."nearly this..."
Another unaudited, before tax, monthly profit result has been released to the market.
According to the release they made "about $2 million" in the previous month. Yes those are the exact words they used. Next release will they use "roughly this"..."close to that"..."nearly this..."
According to the release they made "about $2 million" in the previous month. Yes those are the exact words they used. Next release will they use "roughly this"..."close to that"..."nearly this..."
So $2 million dollar profit per month 👏
But with the current market a clown could make millions per month in the domestic aviation market with reduced capacity, high prices and high demand. QF is making about $250 million profit per month at the moment. QF group is about 10 times larger than Rex. So comparatively QF is making 12 times the amount of profit that Rex is.
Now over the next year QF will increase capacity and market share and prices will fall. QF’s profit will probably go back to around $1 billion, which is roughly what they should be making for a company their size (the current $2 billion plus profit for the 22/23 FY is not sustainable long term) and shouldn’t hurt them too much. But increased capacity and lower prices will really hurt Rex, and their measly $2 million profit will not sustain them.
But with the current market a clown could make millions per month in the domestic aviation market with reduced capacity, high prices and high demand. QF is making about $250 million profit per month at the moment. QF group is about 10 times larger than Rex. So comparatively QF is making 12 times the amount of profit that Rex is.
Now over the next year QF will increase capacity and market share and prices will fall. QF’s profit will probably go back to around $1 billion, which is roughly what they should be making for a company their size (the current $2 billion plus profit for the 22/23 FY is not sustainable long term) and shouldn’t hurt them too much. But increased capacity and lower prices will really hurt Rex, and their measly $2 million profit will not sustain them.
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Perea paid $1.48 a share for that off-market parcel from Ming Yew See Toh and Hui Ing Tjoa. Rex traded between $1.29 - $1.40 through November.
I see there was a Rex flight from Perth to Albany today and the Saab 340 had to turn around and fly back to Perth. Apparently there was a plastic bag stuck in the turbine is what im reading on facebook.
Unless things and rules have changed since then?
The Australian Government is committed to strengthening Australia’s comprehensive and strong
aviation security system to ensure safe and secure air travel. The evolving nature of terrorism
continues to test and shape Australia’s aviation security standards and regulatory settings. The
disrupted terrorist plot at Sydney Airport in July 2017 highlighted the innovation and determination
of individuals seeking to inflict harm on the travelling public. It also reinforced that aviation remains
a high profile and ongoing target for terrorists.
Through the Department of Home Affairs (Home Affairs), the Government continues to review
security settings in the context of evolving threats and, if required, adjusts security settings
accordingly. In 2018, to keep ahead of the evolving threat environment, the Government
announced that major and regional airports will upgrade their security screening technology.
Once implemented, Home Affairs estimates that 99 per cent, or 80.5 million departing passengers,
will depart from an airport which undertakes security screening with X-ray advanced technology
and body scanners.
Home Affairs applies security settings in the aviation sector based on its assessment of the level of
security risk at each airport, and the aircraft it hosts. Home Affairs works to ensure that security
requirements are commensurate with risk, particularly in regional areas, where security costs are
generally higher. Based on the evolving threat, Home Affairs is amending the security screening
threshold from aircraft over 20,000 kg maximum take-off weight (MTOW) to aircraft with seating capacity of 40 or more and which operate from an airport with more than 30,000 annual departing
passengers. One result of a screening threshold based on aircraft size (weight or seating capacity), is that
airports may have some flights which require screening and some flights which do not require screening. Home Affairs, in consultation with aviation industry stakeholders, is continuing to consider the issues associated with managing the segregation of screened and unscreened passengers. This is a contentious issue for industry stakeholders, with conflicting views on the best regulatory
approach, noting different approaches can cause significant variation in the cost implications for different stakeholders. Some stakeholders suggest spreading fixed costs across a broader passenger base would minimise passenger impacts, while other stakeholders argue additional
costs for operators of smaller aircraft impact the viability of their operations. Costs associated with
managing potential co-mingling of screened and unscreened passengers are also relevant
considerations.
Airports must implement security screening in accordance with regulatory requirements. An airport
may choose to implement security arrangements beyond the regulatory requirement, such as
screening all passengers, even when not required by the regulator. Business decisions like this are
a matter for the airport, although stakeholders presented strong and divergent views on the merits
of this approach.
The challenge is to maintain the integrity of the entire aviation security network while recognising
the differences in risk across international and major domestic aviation operations in comparison to
regional and remote aviation. Maintaining a risk based, proportionate security framework is critical
to ensuring public confidence in aviation and to support a viable and sustainable regional aviation
industry.
It has been a longstanding policy of successive governments that industry is responsible for the
cost of security, including operating costs, although some stakeholders have queried the long term
sustainability of this approach. The majority of regional airports required to upgrade screening
equipment already conduct security screening and are responsible for managing the associated
costs.
The Australian Government has committed $50.1m through the Regional Airport Security
Screening Fund to support the purchase of new screening equipment at eligible regional airports.
Document from 2019 - Reference: Department of Infrastructure, Transport, Cities and Regional Development: Passenger Security Acreening Enhancements - Case Studies on financial impacts at 6 regional airports
MEDIA RELEASE REX ANNOUNCES INCREASING PROFITABILITY IN DECEMBER
Regional Express, Rex, today announces that its unaudited management accounts for December have continued to show profitability for its domestic Boeing 737 jet operations, reporting a Profit Before Tax (PBT) of $4.0 million improving from the $1.9 million in October and $2.8 million in November.
This makes the fourth consecutive month that the domestic jet operations have been overall profitable since the jet operations resumed in February 2022.
The regional Saab 340 operations were still loss-making at a PBT level in December, as Qantas continued its predatory behaviour. However,
EBITDA for the month came in at $1.4 million making it the fourth consecutive month the regional operations have been cash-flow positive since COVID.
The entire Rex Group showed an operational profit for the third consecutive month, with the underlying PBT for December coming in at $3.7 million, the highest since COVID.
PBT for the months of October and November were $0.8 million and $3.1 million respectively.
Regional Express, Rex, today announces that its unaudited management accounts for December have continued to show profitability for its domestic Boeing 737 jet operations, reporting a Profit Before Tax (PBT) of $4.0 million improving from the $1.9 million in October and $2.8 million in November.
This makes the fourth consecutive month that the domestic jet operations have been overall profitable since the jet operations resumed in February 2022.
The regional Saab 340 operations were still loss-making at a PBT level in December, as Qantas continued its predatory behaviour. However,
EBITDA for the month came in at $1.4 million making it the fourth consecutive month the regional operations have been cash-flow positive since COVID.
The entire Rex Group showed an operational profit for the third consecutive month, with the underlying PBT for December coming in at $3.7 million, the highest since COVID.
PBT for the months of October and November were $0.8 million and $3.1 million respectively.
Given both the way he provides Rex updates moments after they occur, and the eerily similar tone of language and emotive reactions both he and Rex pump out, one can only presume Deano969 is at least contributing to, if not outright writing, these REX share market updates
When do the unaudited, unverified, before tax, before this and that, weekly results start coming out? How much profit did Rex make yesterday? More to the point, who actually cares and why are they even bothering.
I assume they are trying to ramp up some publicity to raise some heads in the PE world? Doesn't the chair want to retire soon? Can someone please come in and buy us out thanks comes to mind.
I assume they are trying to ramp up some publicity to raise some heads in the PE world? Doesn't the chair want to retire soon? Can someone please come in and buy us out thanks comes to mind.
Given both the way he provides Rex updates moments after they occur, and the eerily similar tone of language and emotive reactions both he and Rex pump out, one can only presume Deano969 is at least contributing to, if not outright writing, these REX share market updates
Probably at 777 Partners as well because I comment positively about AB
REX was roundly berated on here when they dared to want to take it to QF/JQ and VA, yes on the back of VA doing an AN, but had to adapt when Bain saved the VA brand
Regular quotes like "they are flying around with single digit loads" and "jet ops last 12 months"
Who gives a toss if they post monthly updates, even if not 100% accurate, it's a guide to how they are doing
If REX find new metal in the short to medium term then that's great for everyone as they seem to be doing a good job for their customers, but do need more frequency and to be able to cover more routes
They are also providing another option for 737 crew and for those that fly props, now they at least have a path in house to jets which could stifle QFs poaching practises
Moving forward
Aside form more 738s, I think it's getting to the point that REX looks to use the Cobham purchase to rethink it's regional fleet
The one size fits all 340s needs to be rethought
Perhaps 10 or so E175s to mix in with their 6 E190s to provide fleet commonality and adding a 6 business class to give a point of difference over QLink and perhaps looking for something around the 19 seat mark for their thinner routes, maybe even the Cessna SkyCourier or N219