News
Airline shares battered amid ongoing conflict
March 3rd 2026
Asia-Pacific airline stocks suffered heavy declines yesterday (March 2) as the number of cancelled flights continued to climb and the rising price of oil threatened to reduce already fine operating margins. Read More » Cathay Pacific Airways closed the trading day on the Hong Kong Stock Exchange down 4.1%, while Singapore Airlines Group slid 4.7% on the Singapore Exchange. In Malaysia, LCC AirAsia X tumbled 11.6% on the Bursa Malaysia, while in the Philippines Cebu Pacific shed 6.7% and PAL Holdings - the parent of flag carrier Philippine Airlines - finished down half a per cent on the Philippines Stock Exchange. In Japan, ANA HOLDINGS INC. and Japan Airlines (JAL) declined 5.4% and 5.9%, respectively, on the Tokyo Stock Exchange. Australia’s Qantas Airways was another whose shares were under pressure yesterday, closing 5.4% lower at the conclusion of trade on the Australian Securities Exchange. In positive news overnight, Abu Dhabi and Dubai airports have resumed partial operations with a limited number of flights taking off and departing following some easing of airspace restrictions in the region. The United Arab Emirates (UAE) General Civil Aviation Authority (CAA) said it was "bearing all hosting and accommodation costs" for affected and stranded passengers. "Temporary accommodation has been provided, along with meals and refreshments, in addition to facilitating rebooking procedures in line with the approved operational plans," the CAA said.
