Regional Express reports recovery trend continues into FY2017/18, confident of stronger performance

Regional Express (Rex) deputy chairman John Sharp reported the first third of FY2017/18 "appears to confirm the recovery trend noticed in the prior FY". The carrier also expects a firm increase in fly-in fly-out (FIFO) activities for Pel-Air in addition to new contracts confirmed at the tail end of FY2016/17. International enrolment at the group's AAPA training business is also expected to increase. Overall, the board is confident that Rex Group will continue to perform stronger if the Australian economy continues on its modest recovery. The carrier's board reaffirmed its commitment to a healthy dividend payout ratio if the Group achieves its profit target in FY2017/18. [more - original PR]