ABC News: Australia’s outbound travel services are down 3.3% in 2017

In the first full year since the country launched its own outbound network, Australian outbound service services fell 2.7% in the fourth quarter, a fall that has sparked concerns about the long-term viability of Australia’s existing services.

The company reported a loss of AU$11.7 million ($9.4 million) in the quarter.

Australia’s three main airlines, Virgin Australia, Qantas and Virgin America, reported loss figures that were significantly lower than expected, but were in line with the company’s expectations.

Despite a decline in outbound revenue, the Australian Government is still expecting the Australian economy to grow by 1.4% in 2018, according to a government report. AAP/ABC

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