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. [more - original PR]