Suspect has ongoing review for costs of suitable replacements and returns from disposal of current aircraft.
Helpful for servicing and ongoing costs (eg training and accreditation) when same/similar aircraft.
Negotiating to replace more aircraft rather than one by one should provide better prices, particularly IF doing when similar orders being manufactures lower than usual.
IF public perception is aging aircraft, then need consider.
Virgin and Qantas service the main high passenger routes with economics for larger far more expensive aircraft.
REX services lower passenger number routes, choice of aircraft seems an advantage, however may not match cost&/return per seat per kilometre.
Dividends need reflect actual returns on investments, to conserve cash with deferred dividends in turbulent times is fine, provided higher returns when times better and clear explanations of the differences and when higher returns expected.
Which locations might REX consider to widen service ?
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