The Squiz 

Aussie airline Regional Express – which you’d know as Rex – has stopped selling seats on particular routes across its domestic network as reports say administrators from EY Australia have been brought in to navigate the financially-troubled company’s future. Rex – which covers regional Australian routes often not covered by other airlines – issued a statement last night after customers yesterday reported being unable to buy seats on the airline’s flights between capital cities. 

That doesn’t sound promising…

And you’d be forgiven if your mind went straight to Bonza – the airline which went bust after flying into a financial storm recently – but it might not be a disaster in this case… Reports say the airline is losing close to $1 million a week on its capital city routes that were introduced in March 2021 – and it’s those that will be canned while regional flights continue. For travellers with tickets to flights that have been cancelled, the plan is they will be able to go with Virgin. PM Anthony Albanese was one who “expressed concern” about Rex’s ambitious expansion plan at the time – yesterday he said the airline “is particularly important for regional communities” and the government will consider “any proposals” to help.

Yikes…

It’s a tough trading environment – even for Maccas… McDonald’s says its sales have fallen globally for the first time in 3 years. We’re calling this out because of what the company says it means for consumer sentiment globally – it’s low thanks to sticky inflation, prompting a “rethink” of its menu prices. There’s no word on whether that extends to our Aussie Maccas, but customers here haven’t been feeling all that McHappy about items on its “loose change” menu costing more than $10. Speaking of cossie livs, the latest inflation numbers are out today. It’ll influence next week’s Reserve Bank interest rate decision – so no pressure…