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0 0.0225563909774436 0.0225563909774436 0.0225563909774436 0.0598766917293234 0.0492932330827069 0.0135338345864663 0.0407518796992482
Stock impact report

The hole in the sky: How Middle East airspace closures are reshaping global aviation [CNN]

QANTAS AIR LTD S/ADR NEW (QABSY) 
NASDAQ:AMEX Investor Relations: qantas.com/travel/airlines/investors/global/en
Company Research Source: CNN
Where one of the world's busiest aviation crossroads should be — a dense web of aircraft linking Europe, Asia and Africa — there is instead a yawning gap. A hole in the sky. As conflict escalates in Iran with knock-on effects across the Middle East, vast swaths of regional airspace have closed or emptied . And because this region sits at the center of modern long-haul travel, the disruption is rippling far beyond it. For decades, Europe-to-Asia traffic has flowed straight through the Middle East. The region is home to some of aviation's most powerful megahubs — Dubai International Airport, Hamad International Airport and Zayed International Airport — and to carriers such as Emirates, Qatar Airways and Etihad Airways, whose business models are built on connecting East and West. When that airspace closes, the consequences are immediate and global. Flights must reroute, often adding time, burning more fuel and creating knock-on complications for crews and aircraft — and higher cost Show less Read more
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