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    Domestic Slowdown Holds Back Australian Airlines

    Repost
    Wochit Headline News

    by Wochit Headline News

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    Headwinds from Australia's slowing economy and intense competition in the domestic airline market have resulted in an uncertain near-term outlook for Qantas Airways Ltd and Virgin Australia ,which report their full-year results this week. Yields are under pressure for both airlines as investment in the once-booming resources sector slows and the government forecasts limp economic growth into 2014.