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By Reuters
Airline shares rebounded in Asian trade on Thursday as more flights took off from the Middle East, providing some reprieve for carriers after U.S.-Israeli strikes on Iran wiped billions of dollars off their market value earlier in the week.
Emirates and Etihad Airways are now operating a limited number of services from Dubai and Abu Dhabi through the United Arab Emirates’ safe air corridors, while Qatar Airways flights from Doha remain completely halted.
As of early on Thursday morning, Emirates flights had departed from Dubai to destinations including Sydney, Amsterdam, Toronto and Mumbai, according to flight-tracking service Flightradar24, though the vast majority of services remained cancelled.
Shares in Japan Airlines, Qantas Airways, Korean Air Lines and Hong Kong’s Cathay Pacific Airways all rose in Thursday morning trade.
Source: reuters.com