Qantas shares fell more than 10% as escalating US-Iran tensions pushed oil prices higher, raising concerns about fuel costs and travel demand. Markets remain sensitive to developments in the Middle East.
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SpiceJet’s turbulent financial journey has hit another international roadblock. The airline has been barred from utilizing Bangladesh’s airspace due to a failure to clear mounting navigation and overflight dues. The ban presents a paradoxical situation for the carrier, which is simultaneously trying to project an image of recovery and rapid fleet expansion to its investors.