Middle East Airspace Shut
Digest more
Citing security risks, Wizz Air has suspended Tel Aviv and Amman services and will avoid Israeli, Iraqi, Iranian, and Syrian airspace until at least 15 September . UAE airlines suspend flights: Wizz Air stops Tel Aviv and Amman flights until mid-September .
Amid escalating tensions in the Middle East, airlines face disruptions and safety concerns, with flight cancellations and costly detours due to regional conflicts. Israeli attacks on Iran have intensified the situation,
Airlines fell on the prospect of higher fuel costs. Southwest Airlines (NYSE:LUV) slid about 3%, United Airlines (UAL) dropped about 2% and American Airlines (NASDAQ:AAL) fell about 1%. The strikes hit Iranian military and nuclear sites,
Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening risk appetite in a week also packed with key central bank decisions.