Regional travellers alert: Rex Airlines entered a trading halt on Australia’s stock exchange with reports pointing to deepening financial problems. To get things back on track, a “turnaround team” from consulting firm Deloitte has been brought in to address the issues, led by the people who worked on the recovery of Virgin Australia after it entered voluntary administration in 2020. The regional carrier has been experiencing turbulence since executive chair/shareholder Lim Kim Hai departed last month after it emerged corporate watchdog ASIC launched multiple investigations into the company’s governance. Rex has also been struggling to turn a profit since the pandemic when it launched new routes between Sydney, Melbourne and Brisbane in an effort to compete with Qantas and Virgin. The trading halt is set to continue until at least Wednesday.