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Stock impact report

Malaysia Air Looks to Lighten Plane Loads on Middle East Detour [BNN Bloomberg (Canada)]

QANTAS AIR LTD S/ADR NEW (QABSY) 
NASDAQ:AMEX Investor Relations: qantas.com/travel/airlines/investors/global/en
Company Research Source: BNN Bloomberg
The Malaysian flag carrier will reroute flights to avoid airspace over parts of the Middle East, requiring more fuel and spurring the need to lighten its load. The measure will be in place between April 17 and 30, it said in a statement to Bloomberg News. The change is one of the more drastic measures taken by an airline as the industry grapples with the fallout, and cost, of Iran's missile and drone attack that saw several Middle Eastern countries temporarily close their airspace. Qantas Airways Ltd., Singapore Airlines Ltd. and Air France are among major carriers forced to draw up alternative plans that have complicated travel itineraries and led to longer flight times. Read More: Iran-Israel Conflict Forces Airlines to Choose Longer Routes Malaysia's national carrier typically overflies Iran for its European flights. The new route will see a flight time of around 14 hours with planes heading over Central Asia toward Turkey and sidestepping Iran. While regional airspace has Show less Read more
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