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Virgin Australia frets over low consumer confidence

"Where there is uncertainty, people go and hide in corners, and I think that's what we're seeing now in terms of spending," says Mr Borghetto.


VIRGIN Australia Holdings Ltd, Australia's second-largest airline, says the economy is its biggest concern as consumer confidence hits a three-year low.

The state of Australian household demand is a bigger worry than oil prices or competition with Qantas Airways Ltd, chief