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US-Iran war: Qantas Airways shares fall 10% to lowest levels in 10 months amid airport closures and oil price rise

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.

Mar 02, 2026 &03280202202631; 01:28 UTC www.livemint.com Trending 4/5

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Negative for markets

Sentiment score: -75/100

High impact Immediate effect (hours)

WHAT THIS MEANS

Qantas Airways shares fell sharply due to geopolitical tensions from the US-Iran war, which triggered airport closures and a rise in oil prices, increasing operational costs and dampening travel demand. This event signals heightened risks for the aviation sector, potentially affecting other airlines and related industries.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

QAN.AX

QAN.AXStock

Expected to decline

US-Iran war leads to airport closures and higher oil prices, escalating costs and reducing passenger traffic for Qantas.

PRICE HISTORY

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⚡ SUGGESTED ACTION

Consider reducing exposure to airline stocks; monitor oil prices for potential hedging with futures or ETFs.

KEY SIGNALS

Geopolitical escalationOil price volatilityTravel disruption

SECTORS INVOLVED

Airlines

Analysis generated on Mar 02, 2026 at 01:49 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

US-Iran war: Qantas Airways shares fall 10% to lowest levels in 10 months amid airport closures and oil price rise

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