Interesting media release today from REX that they are discontinuing services from Sydney-Ballina and Adelaide-Kangeroo Island “in the coming weeks” as a result of QAN dumping excess capacity on these routes and allegedly misusing their market power. I realise it’s only 2 or ~60 routes so it may not hit the materiality threshold in terms of earnings impact but somewhat surprised this wasn’t released to the market given the nature of the chttp://mobile.rex.com.au/DownloadFile?attachtype=MR&download=1&filename=49537532486855376E764D3639514B4746476F3930624E716D635470527A314D44365A5142762F426542617A48376D3263642F4D57392F6B50743256424C6D51396D7046326E6C6F6B7A555733315A56377777676D513D3Dommentary...?
Ann: Rex Issues New Profit Guidance, page-32
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Last
78.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $88.30M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 78.0¢ | 78.0¢ | $2.408K | 3.087K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2082 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 28455 | 2 |
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| Last trade - 14.47pm 03/05/2024 (20 minute delay) ? |
| REX (ASX) Chart |