"The conflict, particularly Iran's retaliation by firing missiles into neighboring countries like the United Arab Emirates, pushed airlines to cancel hundreds of flights to the Middle East. Three major airports-Doha in Qatar, and Dubai and Abu Dhabi in the United Arab Emirates-halted operations in response to the conflict."
"Shares in Singapore Airlines are down by 4.5% as of 11:00pm Eastern time. Australia's Qantas and Hong Kong's Cathay Pacific are down by 5.4% and 2.8% respectively. Japan Airlines, one of the country's two major carriers, also fell by 5.6%."
"Conversely, Asia-Pacific defense stocks rose, part of a longer-term boom in the industry amid a global surge in defense spending. (In 2025, global military spending reached a record high of $2.6 trillion, according to the International Institute for Strategic Studies.)"
"Some energy companies also rose due to expectations that the Iran conflict could affect oil shipments from the Middle East. Australia's Woodside Energy is up by 5.4%, while Hibiscus Petroleum-Malaysia's first listed independent oil and gas exploration company and No. 410 on the Southeast Asia 500-jumped by 13.1%"
Asian airline stocks experienced significant declines on Monday following military strikes on Iran by the U.S. and Israel over the weekend. Iran's retaliatory missile strikes prompted major airlines to cancel hundreds of flights to the Middle East, with three critical airports—Doha, Dubai, and Abu Dhabi—suspending operations. Singapore Airlines dropped 4.5%, Qantas fell 5.4%, Cathay Pacific declined 2.8%, and Japan Airlines decreased 5.6%. Singapore Airlines alone canceled 16 flights on the Singapore-Dubai route. Broader Asian markets also slumped, with Hong Kong's Hang Seng Index down 1.6%, Singapore's Straits Times Index down 1.8%, and Japan's Nikkei 225 down 1.4%. Conversely, defense stocks rose as global military spending reached record levels, and energy companies gained on expectations of disrupted Middle Eastern oil shipments.
#airline-stocks-decline #iran-israel-conflict #asian-markets #defense-stocks-surge #energy-sector-gains
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