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Stock impact report

Traveling between Europe and Asia will take longer as airlines reroute flights after Iran's attack on Israel [Fortune]

QANTAS AIR LTD S/ADR NEW (QABSY) 
NASDAQ:AMEX Investor Relations: qantas.com/travel/airlines/investors/global/en
Company Research Source: Fortune
Several Middle Eastern countries including Jordan , Iraq and Lebanon temporarily closed their airspace as Iran launched drones and missiles. Both Israel and Iran also imposed restrictions on airline traffic over theirs. A number of airlines are rerouting or avoiding trouble spots in a series of decisions that will prolong flight times and add to fuel costs. They include Qantas Airways Ltd., Singapore Airlines Ltd. and Deutsche Lufthansa AG. Qatar Airways and Emirates resumed some suspended Middle Eastern services on Sunday as airspaces reopened. Iran's airspace is frequently utilized by airlines traveling between Europe and India or Southeast Asia. Airspace across the Middle East are littered with risks and complexities. Airlines are contending with a set of challenges after Russia's invasion of Ukraine severed access for many carriers forcing lengthy diversions which exist to this day. Earlier in Israel's war against Hamas in Gaza, airlines faced scores of disruptions primar Show less Read more
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