Business
Does the Rex (ASX:REX) share price have enough tailwind to keep soaring in 2021?
The Regional Express Holdings Ltd (ASX: REX) share price has been last year’s big winner in the beaten down travel and transportation sectors, returning 75% over a year for shareholders.
In comparison, the Qantas Airways Limited (ASX: QAN) share price has dropped 30%, while the Webjet Limited (ASX: WEB) share price plummeted 46% during the same period.
So, can the Rex share price keep its momentum and fly to even greater heights in 2021?
What happened to Rex in 2020?
The regional airline was brought to its knees back in March as passenger numbers plummeted 90%. Rex subsequently announced a loss after tax of $19.4 million on a turnover of $321.8 million for financial year 2020.
However since then, things have been looking up.
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