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Why is Rex in a trading halt and could the airline be in trouble?

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Rex shares have been suspended pending an announcement – but analysts say it could simply be that consultants are being appointed to boost profits

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There 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… World news | The Guardian

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