The Iran War Is Reshaping Global Aviation [Yahoo! Finance]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Yahoo! Finance
Emirates, Qatar Airways and Etihad Airways offered a viable alternative in the Gulf, leveraging a perfect position between three continents – Europe, Africa and Asia. That dynamic changed almost overnight when the Iran war broke out, shuttering airspaces, grounding planes and leaving regional airlines in disarray. While the loss of capacity from the Middle Eastern carriers has reduced long-haul flying overall, Western airlines are moving in to fill the gap. Executives have sensed an opportunity to take advantage and regain ground, adding alternative routes to steal away business. Deutsche Lufthansa AG, British Airways and Air France-KLM quickly redeployed jets into countries including India, Thailand and Singapore last month to capture passengers looking for new flights. The gains in share are small so far, however, and building something with lasting momentum isn't simple. Bloomberg analyzed widebody flights across 21 major airlines in the month before and after the war began,
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