US EditionPublished • loading... • Updated
Airline Stocks Extend Falls as Fuel Price Uncertainty Weighs over Iran Conflict
Shares of major Asian airlines dropped more than 5% amid US-Israel strikes on Iran that closed key hubs and pushed oil prices up 7%, disrupting global travel.
- On Monday, airline shares fell more than 5 per cent after US and Israel strikes on Iran, with Qantas trading down about 6 per cent and oil prices rising 7 per cent.
- Weekend strikes by the US and Israel on Iran escalated attacks, forcing closure of Dubai and Doha airports for a third day, stranding tens of thousands of passengers.
- Major carriers cut routes, with Cathay Pacific canceling all Middle East flights, Singapore Airlines halting Dubai services through March 7, Japan Airlines suspending Tokyo-Doha flights, and VariFlight reporting 26.5 per cent cancellations by mainland China carriers from March 2–8.
- Passengers said chaotic scenes left them scrambling, with Alessandra Giorgetti quoting, 'We have no information at all, no answer on the phone from Qatar ', while Virgin Australia canceled eight flights and waived rebooking fees on Monday.
- Analysts said the sell-off reflected fuel and rerouting worries as Morningstar equity analyst Nicole Lim cited higher fuel costs and cancellations, while VariFlight noted sharp disruption but limited schedule changes.
Insights by Ground AI
13 Articles
13 Articles
US-Iran war: Qantas Airways shares fall 10% to lowest levels in 10 months amid airport closures and oil price rise
Qantas Airways stock price fell as much as 10.4% to A$8.92 per share at the open of the Australian market on Monday — its lowest level since 2 May, 2025. It pared some losses during the day, down by 5.8% by 2345 GMT.
·New Delhi, India
Read Full ArticleCoverage Details
Total News Sources13
Leaning Left1Leaning Right4Center4Last UpdatedBias Distribution45% Center, 44% Right
Bias Distribution
- 45% of the sources are Center, 44% of the sources lean Right
45% Center
11%
C 45%
R 44%
Factuality
To view factuality data please Upgrade to Premium
