The recent decline in oil prices gives AIR an excellent opportunity to lock in forward cover on fuel prices for the first half of FY18 which together with the recent improvement in yield as per the March 2017 operating stat's and ongoing strong growth in tourism shows the fundamentals remain very sound. QAN been showing good SP growth lately so confidence in the sector in this part of the world seems to be continuing to recover nicely notwithstanding the much higher level's of competition.