Airline shares rebounded on Thursday as more flights took off from the Middle East, providing some reprieve for carriers after U.S.-Israeli strikes on Iran wiped billions of dollars off their market value earlier in the week. As of early on Thursday morning, Emirates flights had departed from Dubai to destinations including Sydney, Amsterdam, Toronto and Mumbai, according to flight-tracking service Flightradar24, though the vast majority of services remained cancelled. Canada said it was working to repatriate stranded citizens by organising seats on commercial flights and contracting charter flights. Major Chinese carriers including Air China, , China Eastern Airlines , and China Southern Airlines, fell between 1% and 3% in both the Hong Kong and Shanghai markets, stabilising after steeper falls earlier this week. Marooned tourists and some expatriates have also tried to find their own way out of the Middle East through Saudi Arabia or Oman, where the airspace remains open.

Source: The Telegraph March 05, 2026 05:33 UTC