Interesting to compare REX’s recent profit downgrade warning and the upbeat update from Alliance a couple of days ago. REX is saying there is a global shortage of pilots and engineers and supply chains shocks post COVID forcing REX to make significant reductions to its flight schedules whereas AQZ is reporting a massive increase in flying hours, upgrades to its profit guidance and strong plans to keep growing and strong demand. Presumably they are hiring pilots and engineers.
Admittedly REX and AQZ business models are quite different, but both companies are chasing the same pilots and engineers. Is the AQZ expansion placing added pressure on REX?
What are REX’s plans for long term financial stability and profitable growth?
Should REX be focusing on trying to win a contract to fly to the Antarctic (presuming requiring a different aircraft type (and possibly manufacturer) than they currently have in their fleet) when their existing business is struggling operationally and financially?
Does REX need a decent capital raise to increase its financial resilience, refinance the PAG funding deal for the 737 operations and to purchase the other 50% of National Jet Express from the REX chairman and other JV partners? REX is being hamstrung by its unwillingness to raise ordinary share capital because its major shareholder doesn’t want to loose control while at the same time the major shareholder has resources available to JV with REX. This is leading to a convoluted structure with scope for different vested interests to dictate particular behaviour.
- Forums
- ASX - By Stock
- REX
- Ann: Rex Revises Interim Guidance
Ann: Rex Revises Interim Guidance, page-20
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add REX (ASX) to my watchlist
(20min delay)
|
|||||
Last
56.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.96M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
REX (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online