REX to lease more 737s

[Tom/PER]

Should have the sky interior.

Just had a msg from a ZL contact you’re both correct it does indeed feature a BSI interior. I’m still hearing the next 2 incoming aircraft are being sourced from SQ.

 

[jb747]

Might be able to get some from Bonza...

 

[Harrison_133]

8ZL will be fitted with actual business class seats in early 2024 according to an article by Executive Traveller.

They also have no plans to standardise the seating across the 737 fleet.

Why Rex has ‘Euro-business class’ on its latest 737

Business class flyers will find themselves in an economy seat at the front of the plane.

www.executivetraveller.com

 

[Saab34]

Fitting new seats would cost about $1m per aircraft going off some market rates, they certainly are not in the financial position to do that.

When are they launching transcontinental? With they would sort out a deal.

 

[Harrison_133]

8ZL has now been reconfigured into the standard configuration with actual business class seats.

Re-entered service today 4 hours behind schedule.

 

[HS-TQE]

The J Class seats on REX's ex-MI/SQ 738s.

Rex Airlines Boeing 737 Business Class (Brisbane – Sydney)

Rex Business Class provides a competitive premium domestic experience, both in price and service. And also a touch of country hospitality.

www.pointhacks.com.au

 

[juliusg]

PERTH. When oh when can we fly east coast to Perth on Rex? I'm gagging for this in J.

 

[Harrison_133]

In today's investor briefing Rex have signalled "additional flying of up to 3 additional Boeing 737-800NGs to the fleet."

The current 737 fleet has reduced from 10 to 9. VH-RQG has been removed from service and will be returned to the lessor.

Rex also reported a $3.2 million loss for the first half of FY2024. They also cannot predict full year profitability at this time due to escalating costs.

Source: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02779631-2A1508638

 

[Saab34]

Rex also reported a $3.2 million loss for the first half of FY2024. They also cannot predict full year profitability at this time due to escalating costs.

Operating loss from continued operations seems to be much higher however, $30m~, that is if you ignore all the shuffling around that they are doing on the balance sheet in the back. That’s the figure that matters to me as an investor, I’m not interesting in accounting gains here and there propping up numbers. Operating profits or losses from continued operations is an important health check. Gives me a good idea where it’s going over the medium term and helps dictate my portfolio.

Astounds me that they are not raking in the profits from its 737 fleet that operates on most of the highest margin domestic routes on earth.

I would be curious to see what the numbers are if one was to eliminate the Saab operation and stick with the 737s. The Saab operation seems like it’s going to be a continuous drag on the balance sheet.

 

[HS-TQE]

According to those from another Airport related forum, 9V-MGC, MGD and MGE are the units rumoured to be transferred to ZL once they finish up their lease with SQ.

With RQG's withdrawal from the fleet, this leaves Rex with 2 extra 737 aircraft.

 

[Ansett Nostalgic]

They seemed to improve on 2022 though which is encouraging.