Airline shares across Asia tumbled on Monday as soaring oil prices and the escalating U.S.-Israeli war with Iran disrupted travel and raised operating costs. Crude oil jumped 20% to its highest level since July 2022, driving up jet fuel prices and intensifying financial pressure on carriers already struggling with limited airspace and supply chain challenges. […]
Global travel markets tumbled on Monday as escalating tensions between the U.S., Israel, and Iran forced closures of key Middle Eastern airports, including Dubai and Doha, leaving tens of thousands of passengers stranded. European travel giants such as TUI, Lufthansa, Air France-KLM, and IAG saw shares drop between 7–9%, while U.S. airlines fell around 5% […]

