Regional Express unveils H2FY2020 headwinds and tailwinds

    Regional Express (Rex) announced (28-Feb-2020) the following headwinds and tailwinds for H2FY2020:

    • Tailwinds:
      • NSW Air Ambulance Contract will bring additional contribution to the group;
      • New academy with 160 students will bring added profits;
      • Fuel Hedge will reduce fuel cost by AUD700,000 (USD452,917) year-on-year;
    • Headwinds:
      • Continued weak AUD;
      • Harsh economic conditions due to bushfire, drought, flood and coronavirus.