Ann: Rex Announces Increased Profitability, page-4

The trend is your friend but surely despite 'Mr Market' having a favourable reaction, this is a pathetic ROIC?

$2 million a month NPAT if the same over and over is just A$24 million per annum.

Peanuts: to become a loss, revenue wouldn't need to drop much per day.

It may well if there's a severe recession, as the REX passenger base is probably largely leisure travellers including those visiting friends and relatives and domestic holidaymakers.

There'll be fewer of these categories in a Feb or May than in Dec/Jan.

Not too many businessmen would use it due to its relatively poor frequencies.