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Australian airline Qantas' shares fall more than 10% on US-Iran conflict

ReutersMar 1, 2026 11:27 PM

March 2 (Reuters) - Shares of Australia's flag carrier Qantas Airways QAN.AX slumped more than 10% to their lowest level in 10 months on Monday after the U.S. and Israel launched large-scale strikes on Iran over the weekend, sending oil prices surging.

The firm's shares fell as much as 10.4% to A$8.92 each when the Australian market opened on Monday, the lowest level since May 2, 2025. The stock was set for its weakest intraday trading session since April 7, 2025.

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