Hopefully a good sign for regional aviation in general here in oz;

Regional Express (Rex) has swung back to profitability in 2016/17 and says it expects clearer skies ahead amid lower fuel prices and an improving local economy.

The airline group reported statutory net profit after tax of $12.62 million for the 12 months to June 30 2017, a return to the black following a net loss of $9.56 million in the prior corresponding period when it booked an impairment charge relating to the loss of a Defence contract.

Revenue rose 7.3 per cent to $281 million, Rex said in a regulatory filing to the Australian Securities Exchange on Tuesday.

Rex executive chairman Lim Kim Hai said it was a “truly solid performance” in 2016/17.