Ann: Chairman's Address to Shareholders, page-3

Among other excuses, it blames poor performance in 1H 22 and high fuel costs.

But domestic air fares have skyrocketed, and REX has no competition on quite a few of its NSW rural routes, and where it does, QAN similarly has largely outrageous fares.

REX also receives subsidies on some rural routes and has government contracts for various other parts of its enterprise.

On the same tack, it's boom times in much of rural Australia despite challenges such as floods. Three consecutive good to excellent grain harvests: see the GNC threads.

Why should REX have received a grant from the NSW Coalition Government to build a flight simulator? It should be up to private enterprise including ASX-listed entitities such as REX to stand on their own two feet and fund such initiatives, as presumably the company perceives it'll be profitable.

My bigger question is why would one "invest" in airlines like QAN or REX when they have a poor history of making money (especially QAN), they rarely if ever pay SH a dividend, they are subject to the vagaries of the economy (recession in 2023?) and most of all thermal coal companies such as NHC/WHC/YAL offer share prices that have been appreciating and huge twice yearly dividends?