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Stock impact report

Global airlines divert, cancel flights as they grapple with escalating Middle East tensions [Globe and Mail, The (Toronto, Canada)]

AIR FRANCE-KLM ADS (AFLYY) 
Rising tensions in the Middle East have created air travel chaos, with global airlines diverting or cancelling flights on Wednesday and regional airports, including Lebanon, Israel and Kuwait, showing long delays, according to FlightRadar24 data. Concern over travel disruption as the conflict intensifies also knocked shares in the travel and airline sectors on Wednesday morning. Iran launched its largest missile attack against Israel on Tuesday in retaliation for Israel's campaign against Iran-backed Hezbollah in Lebanon, triggering a threat from Israel of a “painful response.” On Wednesday morning, a few flights were seen over Iranian airspace, according to a FlightRadar24 map, including from carrier flydubai, after Iran said its ballistic missile attack on Israel was over. However, flights across the entire region were diverted or disrupted with little sign of broader normalization. Carriers around the world have cancelled flights to Israel and Lebanon in the wake of the Show less Read more
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