REX Airlines (ASX:REX) share price rockets up 13%, smashing 52-week high

The Regional Express Holdings Ltd (ASX: REX) share price is soaring again today, up 13.24 to $1.94 and smashing its 52-week high. 

Let’s take a look at what’s lifting the Rex share price this month.

What happened in December?

Shares in the airline have gained ground by more than 27% in December, following Rex’s announcement that it will start flying the Sydney-Melbourne route in March 2021.

The airline plans to extend that service to Brisbane by Easter, effectively opening the ‘golden triangle’ routes for the company and putting Rex’s business head-to-head with the major airlines. 

The Sydney-Melbourne route was the second busiest domestic route in the world prior to the coronavirus pandemic, with the Seoul-Jeju…