US-Iran war: Qantas Airways shares fall 10% to lowest levels in 10 months amid airport closures and oil price rise
Shares of Qantas Airways, Australia’s flagship airline, nosedived over 10% on Monday to their lowest levels in 10 months on the back of the US-Israel-Iran conflict over the weekend as airline operations were disrupted and oil prices soared high.
Qantas Airways stock price fell as much as 10.4% to A$8.92 per share at the open of the Australian market on Monday — its lowest level since 2 May, 2025. It pared some losses during the day, down by 5.8% by 2345 GMT.
