Asian airline stocks plunged on Monday, part of a broader market reaction to the U.S. and Israel’s decision to strike Iran over the weekend.
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. (The Dubai and Abu Dhabi airports also suffered damage from the strikes.)
