Qantas Airways posted one of the quickest turnarounds in Australian corporate history, with a return to full-year profit.
Australia may be weighing allowing foreign airlines to offer domestic flights, but it isn't clear the skies down under are particularly attractive.
The Australian government may allow foreign airlines to operate domestic routes, reports the Wall Street Journal.
Japanese shares outperformed the region by clinching a new multi-year high, as the rest of Asia traded mixed on Thursday.
Qantas Airways' blockbuster results are just the beginning, according to CEO Alan Joyce who hinted of an even brighter outlook ahead on Thursday.
Australia's Qantas Airways on Thursday reported its best first-half profit in four years thanks to cost-cutting and lower oil prices.
Singapore is budgeting $3 billion for a fifth airport terminal before the fourth is even completed, but it isn't clear the travelers will come.
In a first, Australian carrier Qantas will make Samsung's virtual reality headsets available to high-end flyers on some overseas trips.
Asian airlines are slashing fuel surcharges as oil prices hover at six-year lows, butcarriers are likely to bump up fares to maintain margins.
Qantas Airways will raise base ticket prices to offset drop of fuel surcharges, a move against calls for the airline industry to lower fares.
Australian police locked down the center of Sydney after an armed man took hostages, igniting fears of a jihadist attack.
China's benchmark index tumbled as much as 6 percent in the last hour of trade after rallying to a three-and-half-year high of 3,091 points earlier.
Asian equities were mostly higher on Monday as investors brushed off weak data, with China's benchmark index rising to a three-year high.
Asian equities were mixed on the last trading day of the week as concerns over Ebola and China offset gains on Wall Street.
Asian share markets were mostly lower on Tuesday following a mixed morning session as investors digested key data from China.
Airline Virgin Australia has coughed up a whopping one Australian dollar to buy the 40 percent of Tiger Australia it didn't already own.
Asian equity markets were mostly higher on Tuesday with Shanghai and Japanese shares leading the gains despite the absence of a U.S. lead.
Asian stock markets declined on Thursday in a quiet session amid a lack of catalysts.
Several thousand jobs will be lost in Australia by 2017 as the curtain comes down on a century of car manufacturing Down Under.
Australia has approved a second airport for Sydney, in the government's latest move to improve the infrastructure in the country's biggest city.