Middle East conflict to drive up airfares for Hong Kong travellers: analysts

The escalating conflict in the Middle East is set to drive up travel costs for Hong Kong passengers as many are forced to opt for more expensive direct routes to Europe, according to analysts. They said on Monday that the suspension of major transit hubs in Dubai in the United Arab Emirates (UAE) and Doha in Qatar had left travellers scrambling for seats on direct flights or “conflict-free” paths to Europe, with surging demand set to trigger a spike in airfares. Global air travel has been...

By Oscar Liu

Some flights are resuming from Abu Dhabi, but confusion reigns after Iran strikes upended air travel

An Etihad Airways Airbus A380. Mike Campbell via Getty Images Some flights from Abu Dhabi have resumed following the strikes in the Middle East. Eight Etihad Airways flights took off on Monday, even as the airline said operations remained suspended. A Lufthansa A380 also took off from Abu Dhabi, but without passengers on board. Some flights from the Middle East have resumed, but confusion still reigns in the wake of the strikes on Iran. Eight Etihad Airways flights departed Abu Dhabi on Mon...

British Airways owner IAG sees stock price plummet as FTSE 100 falls in wake of Iran strikes

The prices of oil and gold have gone up but stock markets are heading in the opposite directions as investors weigh the uncertainty caused by the Middle East crisis

By Karl Matchett

Travel stocks tumble as war sparks worst disruption since pandemic

Travel shares tumbled on Monday as escalating conflict between the U.S., Israel and Iran disrupted flights worldwide, forced the closure of key Middle Eastern hubs and sent oil prices surging, with analysts warning of weeks of disruption. Dubai, the world’s busiest international hub, and Doha remained shut for a third day, leaving tens of thousands […]