Travel stocks tumble as war sparks worst disruption since pandemic

Travel shares tumbled on Monday as escalating conflict between the U.S., Israel and Iran disrupted flights worldwide, forced the closure of key Middle Eastern hubs and sent oil prices surging, with analysts warning of weeks of disruption.

Dubai, the world’s busiest international hub, and Doha remained shut for a third day, leaving tens of thousands of passengers stranded as aviation faced its biggest challenge since the COVID pandemic. Jordan on Monday became the latest country in the region to partially close its airspace.