Rex hedges fuel for rest of FY2019

REGIONAL Express Airways, known as Rex, said yesterday it has fully hedged all fuel for the second half of this financial year after the price pf Brent oil – which hit four year highs earlier this year – fell below US$60 per barrel.

Rex hedges fuel for rest of FY2019 Rex hedges fuel for rest of FY2019 Rex hedges fuel for rest of FY2019 Rex hedges fuel for rest of FY2019 Rex hedges fuel for rest of FY2019
 
Rex says its hedged price represents a 15% reduction on the average fuel price for the first half of this financial year which it had not hedged, and it will save A$2.