Australian airline Qantas' shares fall more than 10% on US-Iran conflictA fisherman sits on the beach as a Qantas Dreamliner taxis along a runway at Sydney Airport on the day they announced their half-year results, in Sydney, Australia, February 26, 2026. REUTERSShares of Australia's ‌flag carrier Qantas Airways slumped more than 10% to their lowest level in 10 months on Monday after the U.S. and ​Israel ⁠launched large-scale strikes on Iran over the weekend, sending oil prices surging. The firm's shares fell as ‌much as 10.4% to A$8.92 each when the Australian market opened on Monday, the lowest level ⁠since May 2, 2025, before paring some losses to trade down 5.8% by 2345 GMT. 2 airline, slipped as much as ⁠3.5% on Monday to A$3.03 per share to hit their lowest in nearly a month, before recouping losses to ⁠gain around 1.9%. Shares of Air ​New Zealand fell as much as 0.5% to NZ$0.553 each, slipping to their lowest level since April 7, 2025, ‌before paring ⁠losses to trade ​flat.

Source: Bangkok Post March 02, 2026 01:58 UTC