Asian airline stocks fell on Monday, with Cathay Pacific in Hong Kong and Australian Qantas, Singapore Airlines, and Japan Airlines dropping more than 5% after the attack on Iran, leading to travel disruptions and rising oil prices. Shares of other Asian airlines, including Japan Airlines, Air China, and Malaysia Airlines, also declined. Global air travel disruption continued on Monday as the war forced the closure of major airports in the Middle East for the third consecutive day, stranding tens of thousands of passengers worldwide and canceling thousands of flights. Cathay Pacific announced that it had canceled all its flights to
Asian airline stocks fall after attack on Iran
Asian airline stocks fell over 5% on Monday following the attack on Iran, causing travel disruptions and a surge in oil prices, leading to global aviation chaos and thousands of flight cancellations.