Rex shares have been suspended pending an announcement – but analysts say it could simply be that consultants are being appointed to boost profitsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastsThere is uncertainty about the future of Rex – Australia’s third-largest airline – with speculation regarding its financial situation and tension among the leadership team.The airline entered a trading halt on Monday. The news follows the recent collapse of budget carrier Bonza in a market dominated by the Qantas and Virgin duopoly. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/jul/30/rex-airlines-asx-shares-trading-halt
Author : Elias Visontay Transport and urban affairs reporter
Publish date : 2024-07-30 02:21:11
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Why is Rex in a trading halt and could the airline be in trouble?
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