Economy News Headlines - Yahoo! News: Domestic slowdown holds back Australian airlines

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Domestic slowdown holds back Australian airlines Aug 28th 2013, 22:38 By Siva Govindasamy and Maggie Lu Yueyang SINGAPORE/SYDNEY (Reuters) - 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. ... Media files: 2013-08-28T223807Z_1_CBRE97R1QVN00_RTROPTP_2_AIRBUS-QANTAS.JPG (image/jpeg)

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