Keep Booking Flights on Rex, Travellers Urged

The administrators working to rescue the five companies in the Rex Group are urging travellers to keep booking with the airline despite its precarious financial position and doubts about its viability. Last week, a meeting of creditors was told the airline is about $500 million in debt, and administrators had launched an asset sale and buyer search, hoping to keep it flying. In February, Rex reported a net loss of $3.2 million (US$2.1 million) for the first half of the 2023/24 financial year after it changed its focus in 2021 from a regional service to capital city routes in competition with Qantas and Virgin. A pilot shortage created “sub-optimal fleet utilisation,” and the airline suffered from supply chain issues and maintenance problems....