Australian airline Qantas' shares fall more than 10% on US-Iran conflict
Published on March 1, 2026.
The shares of Australia's largest-ever airline fell more than 10% after the US and Israel launched large-scale strikes on Iran, sending oil prices soaring. The company'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 lowest intradational trading session since April 7, 2025 and was expected to be its second consecutive high.
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